Dec inflation seen to pick up to 2%

THE country’s inflation likely accelerated this month on increased demand for some goods and higher oil and power prices, Security Bank Corp. said on Thursday.

In a report, Security Bank chief economist Robert Dan Roces said the bank’s “headline inflation rate call for December is 2.0 percent YoY [year-on-year], with our model’s forecast range at 1.7 percent [to] 2.2 percent, pegging average inflation for the year [at] 2.5 percent.”