The central bank expects inflationary pressures to have moderated slightly in October due to the decrease in the prices of rice and other food items as well as the cost of electricity --- a possible indication that the uptrend in the consumer price index since the start of the year may have finally been broken. In a statement, the Department of Economic Research of the Bangko Sentral ng Pilipinas (BSP) said it expects the inflation rate for the month that just passed to settle within the 6.2-7 percent range. "This corresponds to a month-on-month inflation forecast range of -0.2 to 0.6 percent, which is in line with the BSP's assessment that inflation is likely to have peaked in...
Keep on reading: BSP expects consumer prices to have plateaued in October
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