BSP: November 2024 inflation pegged at 2.2% to 3%

Inflation News

BSP: November 2024 inflation pegged at 2.2% to 3%
Ph EconomyBangko Sentral Ng Pilipinas
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The Bangko Sentral ng Pilipinas is expecting consumer goods and services prices to have risen within the 2.2% to 3% range this month.In its month-ahead inflation forecast, the BSP cited increased prices of vegetables, fish, and meat due to unfavorable weather conditions, higher electricity rates and petroleum prices, and the depreciation of the peso as the primary sources of upward price pressures this month.The central bank's forecast range for November is comparable with the 2.

""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," it said.At a press conference in Mandaluyong City on Friday, National Economic and Development Authority Secretary Arsenio Balisacan said November's inflation print will not breach the government's ceiling of 2% to 4%.

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Ph Economy Bangko Sentral Ng Pilipinas

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