PHILIPPINE INFLATION likely accelerated to as high as 6.4% in April, driven by higher prices of fuel, electricity and food amid the war in the Middle East, as well as a weaker peso, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
In its month-ahead inflation forecast, the BSP said inflation may have further quickened to between 5.6% and 6.4% in April from the 1.4% print a year ago and 4.1% in March.
At the upper end of the forecast, inflation may have surged to its fastest pace in three years or since the 6.6% in April 2023.
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