INFLATION likely settled within 2.0-2.8 percent last month due to lower food and fuel prices along with a strengthening of the peso, the Bangko Sentral ng Pilipinas (BSP) said late on Monday.
"Negative base effects, along with lower prices of food commodities including rice, meat and vegetables as well as lower domestic oil prices and the appreciation of the peso, are the primary sources of downward price pressures for the month," the central bank said in a statement.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.