BSP sees possible inflation downtrend in November

The country's problematic inflation rate may have finally reached an inflection point this month with the central bank expecting a slowdown in the pace of increases in the prices of basic goods and commodities. In a statement, economists of the Bangko Sentral ng Pilipinas (BSP) said consumer price index for the month of November will likely settle within the 5.8-6.6 percent range after being on a steady uptrend for most of 2018. "The deceleration of inflation for the month could be attributed to the sharp decline in petroleum prices, the normalization of supply conditions in rice and other agricultural commodities and the peso appreciation," the central bank economists said. Latest ...

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