INFLATION likely eased further to between 2 and 2.8 percent last month on the back of reduced rice, fuel and power prices, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
In a statement, the central bank said its Department of Economic Research projected consumer price growth “to settle within” that range last month, lower than 5.2 percent in the same month in 2018.
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