Headline inflation likely decelerated in November as lower oil prices and the depreciation of peso offset the increase in food and electricity prices, the Bangko Sentral ng Pilipinas (BSP) said on Monday.

"The BSP projects November 2021 inflation to settle within the 3.3 to 4.1 percent range," BSP Governor Benjamin Diokno told reporters in a Viber message on Monday.

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