September inflation to settle between 2.0% to 2.8% — BSP

Photo courtesy of Yancy Lim/PNA.

By Brian Campued

The headline inflation in the Philippines is expected to settle within the range of 2.0% to 2.8% in September, the Bangko Sentral ng Pilipinas (BSP) announced Tuesday.

In its month-ahead inflation forecast for September, the BSP said the negative base effects along with lower prices in various food and oil products are expected to offset the higher prices of fish and fruits as well as higher electricity rates.

“Negative base effects along with lower prices of food commodities including rice, meat, and vegetables as well as lower domestic oil prices, and the appreciation of the peso are the primary sources of downward price pressures for the month,” it stated.

“Going forward, the Monetary Board will continue to take a measured approach in ensuring price stability conducive to balanced and sustainable growth of the economy and employment,” the Central Bank added.

To recall, the Philippine Statistics Authority (PSA) reported that headline inflation eased to 3.3% in August from 4.4% in July. —iro

Popular

PBBM ramps up agri support: Admin to expand P20 rice rollout, plant 15M coconut seedlings

By Brian Campued Vowing to give his all in the last three years of his administration, President Ferdinand R. Marcos Jr. vowed to expand programs...

PBBM lauds PH standing on global stage, expresses gratitude to OFWs

By Dean Aubrey Caratiquet President Ferdinand R. Marcos Jr. praised the integrity of the Philippines on the global stage, citing the level of respect and...

PBBM tackles future of PH road, rail transportation

By Dean Aubrey Caratiquet In his speech at the fourth State of the Nation Address (SONA) held at Batasang Pambansa, Quezon City, this Monday; President...

PBBM highlights ‘zero balance billing’ in DOH hospitals, touts improved PhilHealth benefits

By Brian Campued President Ferdinand R. Marcos Jr. assured the public that they no longer have to pay for basic accommodation services in Department of...