ECONOMISTS project inflation to settle at 2.9 percent this year, the Bangko Sentral ng Pilipinas (BSP) said, noting that this figure was higher than its 2.7-percent full-year forecast, but still within its 2-4 percent target.

In its Second Quarter Inflation Report released last Friday, the central bank said the latest figure was a decrease from 3.3 percent in the March 2019 survey.

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