MANILA, Philippines--The pace of price increases in the Philippines is seen to have slowed further in April, but authorities remain worried that inflation could spike once more in the domestic economy due to the steady rise of fuel costs globally. According to economists of the Bangko Sentral ng Pilipinas (BSP), last month's inflation rate is likely to have risen with the 2.7-3.5 percent range. This is lower than the central bank's forecast for March of 3.1-3.9 percent, and indicates a downward bias from the actual 3.3-percent inflation rate reported by the government for that month. "Higher domestic oil prices and the...
Keep on reading: Muted April inflation seen but possible resurgence still worries policymakers
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