The lower inflation rate recorded in November --- albeit still relatively high --- confirms that high consumer prices that have plagued the country for most of this year are on their way down, the central bank said Wednesday. In a message to reporters, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said, however, that regulators "will need to stay vigilant" over the near term since prices of other goods and services, apart from rice and petroleum, continue to remain elevated. The government announced that November consumer price index fell to 6 percent, after having plateaued at 6.7 percent for the months of September and October --- their highest levels in nearly a de...
Keep on reading: Consumer prices on its way back to normalcy, says BSP
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