By Brian Jules Campued
Philippine inflation is expected to remain within the range of 2.8% to 3.6% for February, the Bangko Sentral ng Pilipinas (BSP) announced Thursday.
In its month-ahead inflation forecast, the BSP said it sees “continued price increases for key food items, such as rice, meat, and fish, along with increased petroleum prices and electricity rates” as the primary sources of upward price pressures for February.
On the other hand, it noted that lower prices of vegetables, fruits, and sugar could contribute to downward price pressures.
“Going forward, the BSP will continue to monitor developments affecting the outlook for inflation and growth in line with its data-dependent approach to monetary policy decision-making,” the Central Bank said in a statement.
In January, the headline inflation settled at 2.8% from 3.9% in December 2023. – avds