The country’s headline inflation could have eased further to 1.9 percent or picked up to 2.7 percent this month on the back of higher oil and food prices, as well as lower electricity rates, the Bangko Sentral ng Pilipinas (BSP) projected on Friday.

This Feb. 5, 2020 shows cucumbers, carrots and potatoes and their prices on display at a stall on R. Hidalgo Street in Quiapo, Manila. The country’s headline inflation this month is projected to settle between 1.9 and 2.7 percent on account of higher food and oil prices. PHOTO BY J. GERARD SEGUIA

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