HIGHER food and fuel prices, as well as a weaker peso, could have pushed inflation up in October, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
HIGHER food and fuel prices, as well as a weaker peso, could have pushed inflation up in October , the Bangko Sentral ng Pilipinas said on Thursday.Consumer price growth, which had markedly slowed to 1.9 percent in September, was estimated to have increased to 2.0-2.8 percent — the same forecast range issued by the BSP for the month earlier.The Philippine Statistics Authority is scheduled to release September inflation data on November 5.
has said that inflation could go up in October, noting that the September inflation drop — from August's 3.3 percent — was due to base effects.'So without the negative base effects, it would have been more like 2.8 , maybe. So it wasn't that exciting,' Remolona said during a policy meeting in October.The short-term outlook remains favorable, he also said.Monetary authorities have lowered the risk-adjusted forecast for this year to 3.1 percent from 3.
October Inflation Likely Rose To 2.0-2.8%
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