BSP warns of elevated inflation

By Mayvelin U. Caraballo

Oct 06, 2021 12:26 am

The Bangko Sentral ng Pilipinas (BSP) warned on Thursday that consumer prices in the country could remain high in the short term due to supply-side concerns.

'Inflation could remain elevated in the near term before decelerating to within the target range of 2.0 to 4.0 percent by the end of the year,' BSP Governor Benjamin Diokno noted in a statement.

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