INFLATION likely moderated for a third straight month in December due to the decline in global crude oil prices, analysts said.

The median forecast in a survey of nine economists by The Manila Times was 4.0 percent, within the Bangko Sentral ng Pilipinas' (BSP) 3.6-percent to 4.4-percent projection for the month, also in the range of November's 4.0 percent, but down from the year-earlier 7.8 to 8.0 percent.

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