BSP: July inflation to stay above 5.0%

Aug 01, 2018 12:35 am

INFLATION likely remained above 5.0 percent in July, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday, either dipping to 5.1 percent from June’s five-year high of 5.2 percent or accelerating further to 5.8 percent.

“The BSP Department of Economic Research projects July 2018 inflation to fall within the 5.1- 5.8 percent range,” the central bank said in a statement.

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