HEADLINE INFLATION is likely to peak in the last two months of 2022 as holiday demand and seasonal inflows of remittances may fuel inflationary pressures, ANZ Research said on Monday.
In a report, ANZ Research said the near-term inflation outlook remains challenging, even as global oil prices are now below the $100-per-barrel level.
Inflation accelerated to 7.7% in October, from 6.9% in September and 4% in October 2021. The October print was the fastest pace in almost 14 years. Core inflation, which excludes food and fuel volatile prices, quickened to 5.9% in October from the revised 5% in September.ation averaged 5.4%, still lower than the BSP’s 5.6% full-year forecast.ation will peak before the end of the year.
Of the P206.5 billion, the Department of Social Welfare and Development will receive P165.4 billion for its social assistance programs.nancial assistance for indigent Filipinos, while the Department of Labor and Employment will be provided with P14.9 billion for a program that helps disadvantaged and displaced workers.
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