The Bangko Sentral ng Pilipinas (BSP) is expecting this month’s inflation to further quicken with the upper end of its forecast range seen to exceed last month’s print.
“Inflation for the month was driven by the continued increase in food prices, further transport fare hikes, and peso depreciation,” the Bangko Sentral ng Pilipinas said. FILE PHOTO
“Inflation for the month was driven by the continued increase in food prices, further transport fare hikes, and peso depreciation,” the BSP said. to keep inflation in check after the US central bank delivered a huge interest rate hike of 75 basis points.
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