By Katherine K. Chan, Reporter
PHILIPPINE inflation may have quickened in September as bad weather pushed up food prices, fuel costs surged and the peso weakened, with the Bangko Sentral ng Pilipinas (BSP) expecting the rate to stay above its 3% target for a seventh straight month.
In a statement, the central bank said inflation likely settled at 6.4% to 7.4% in September from 6.1% in August and 1.7% a year earlier.
If the forecast holds, September will snap four straight months of easing prices. At the upper end of the forecast, inflation would be the fastest in three-and-a-half years. At the lower end, inflation would be the fastest in four months, matching June.
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