Inflation in the Philippines may have edged up in November, driven by a weaker peso, higher energy costs, and increased food prices following typhoons. This comes as close to the Bangko Sentral ng Pilipinas' projections and could prompt further interest rate reductions.
Inflation in the Philippines could have increased in November due to a weaker peso, higher energy costs , and rising food prices following a series of typhoons that hit Luzon. A Manila Times poll indicated a median estimate of 2.5 percent, slightly above October's 2.3 percent and close to the lower end of the Bangko Sentral ng Pilipinas' (BSP) 2.2- to 3.0 percent projection for November. The official November inflation data will be released by the Philippine Statistics Authority on December 5.
Analysts predict the rate will remain within the BSP's 2.0- to 4.0 percent target and could prompt the central bank to continue lowering interest rates
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