BSP PR
The BSP projects December 2020 inflation to settle within the 2.9 – 3.7 percent range.
Higher prices of domestic petroleum products and key agricultural items contributed to upward price pressures during the month.
These could be partly offset by the downward adjustment in electricity rates in Meralco-serviced areas, along with slightly lower rice prices and the continued appreciation of the peso.
Looking ahead, the BSP will continue to monitor economic and financial developments to ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved.
