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Month-ahead Inflation Forecast for September 2018

09.28.2018

The BSP Department of Economic Research projects September 2018 inflation to settle at around 6.8 percent, with a range of 6.3 – 7.1 percent. Higher domestic petroleum prices, higher prices of rice and other agricultural commodities due to typhoon Ompong, and the peso depreciation contributed to the upside price pressures for the month. However, these could be partly offset by the downward adjustment in Meralco power rates. Looking ahead, the BSP will continue to remain on guard to evolving inflationary conditions to ensure that the monetary policy stance remains consistent with our price stability mandate.

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