• 3 months ago
BSP projects August inflation rate to settle within 3.2%-4% range

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00:00The Banco Central ng Pilipinas, or BSP, estimates the country's August inflation rate will settle
00:05within the 3.2 to 4 percent range.
00:08BSP says unfavorable weather conditions of late have resulted in higher electricity rates
00:14and higher prices of agricultural products, which can be identified as primary sources
00:19of the upward price pressures for the month.
00:22However, such trend is expected to be offset by lower domestic oil prices, lower prices
00:28of rice, fish and meat prices, along with the appreciation of the peso.

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