By Keisha B. Ta-asan, Reporter
HEADLINE INFLATION likely eased further in January, as favorable base effects may have offset rising prices of some food items and higher utility rates.
A BusinessWorld poll of 16 analysts last week yielded a median estimate of 3.1% for January inflation, settling within the 2.8-3.6% forecast of the Bangko Sentral ng Pilipinas (BSP).
If realized, this will be the second consecutive month that inflation will be within the BSP’s 2-4% target band. It will also be slower than the 3.9% print in December.