The Bangko Sentral ng Pilipinas on Friday said the inflation rate in September may accelerate to as high as 6.1% following price hikes in oil, power, and agricultural products.
— The Bangko Sentral ng Pilipinas on Friday said the inflation rate in September may accelerate to as high as 6.1% following price hikes in oil, power, and agricultural products.
In a statement, the central bank said it sees the inflation print for September to settle at 5.3% to 6.1%. Inflation up anew due to recent typhoons, oil price hikesThe BSP said the weakening of the peso against the US dollar may have also contributed to the price pressures for September.“Going forward, the BSP will continue to monitor developments affecting the outlook for inflation and growth in line with its data-dependent approach to monetary policy formulation,” the BSP said.
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