BSP: Sept inflation likely fell to 2.0-2.8%

By Ed Paolo Salting

Oct 02, 2024 12:38 am

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.

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