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Month-ahead Inflation Forecast for October 2018

10.31.2018

The BSP Department of Economic Research projects October 2018 inflation to settle within the 6.2 to 7.0 percent range. This corresponds to a month-on-month inflation forecast range of -0.2 to 0.6 percent, which is in line with the BSP’s assessment that inflation is likely to have peaked in Q3 2018 in the absence of further price shocks. Upward price pressures from domestic petroleum prices and water rates in Manila Water and Maynilad-serviced areas could be offset by the lower prices of rice and other food items as well as the downward adjustment in Meralco power rates. Moving forward, the BSP will continue to closely monitor evolving trends in prices and inflation expectations, and will undertake necessary measures towards its commitment to price stability.

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