BSP expects July inflation to settle within 4%-4.8% range
BSP expects July inflation to settle within 4%-4.8% range
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00:00The Banco Central ng Pilipinas, or BSP, is expecting the inflation rate in July to settle between 4 to 4.8 percent.
00:08The central bank said this is due to higher electricity rates as well as the higher prices of agricultural commodities
00:14such as vegetables, meat and fruits and elevated domestic oil prices.
00:19BSP also noted these factors are expected to be offset in part by lower rice and fruit prices along with the peso appreciation.
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