Inflation likely to hit 4.2% in second quarter

Apr 29, 2024 12:30 am

HIGH oil and rice prices are expected to drive inflation to 4.2 percent in the second quarter, breaching the Bangko Sentral ng Pilipinas' (BSP) 2.0- to 4.0-percent target.

The pace of consumer price growth will then slow in the following three months, private sector economists said, allowing for a within-target average of 3.8 percent for 2024.

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