Inflation will likely return to target in the second quarter and then ease further in the last six months of the year, a Cabinet official said on Wednesday.
Budget Secretary Benjamin Diokno told a press briefing that economic managers were optimistic that consumer price growth — which hit a nine-year high of 6.7 percent last year — would fall back to 2.0-4.0 percent in the April-June period following January’s “significant drop” to 4.4 percent.
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
.