Central bank forecasts July inflation between 5.6% to 6.4%
｜英字
The Bangko Sentral ng Pilipinas (BSP) on Friday forecasts July inflation to settle within the range of 5.6 to 6.6 percent from June's 6.4 percent.
Elevated domestic petroleum pump prices, higher electricity rates, increasing fish prices, and the depreciation of the peso against the strengthening US dollar are expected to be mitigated by lower prices of key food commodities, including rice, meat, vegetables, and fruits.
The BSP will continue to monitor recent developments in the Middle East for their impact on inflation and economic activity. Bangko Sentral ng Pilipinas
