MANILA, Philippines -- Consumer prices may have increased at a slower pace in February compared to the previous month as the normalizing prices of rice and agricultural products received a further boost from the strong peso, the central bank said Thursday. In a press statement, the Bangko Sentral ng Pilipinas (BSP) said its economists expect February 2019 inflation to settle within the 3.7-4.5 percent range. "Higher domestic oil prices and the upward adjustment in electricity rates provided upside price pressures to inflation during the month," BSP said. "These may be partly offset by lower prices of rice and other agricultural commodities given th...
Keep on reading: Lower rice prices, strong peso to ease February inflation, says BSP
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