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Month-Ahead Inflation Forecast for December 2018

12.28.2018

The BSP Department of Economic Research projects December 2018 inflation to settle within the 5.2 – 6.0 percent range. The sustained slowdown of inflation during the month is seen to be driven mainly by the continued decline in petroleum and rice prices, the rollback in minimum jeepney fare, and the slight appreciation of the peso. However, these factors could be offset in part by higher electricity rates in Meralco-serviced areas. Moving forward, the BSP will continue to closely monitor evolving price trends and domestic demand condition to help ensure that the inflation target is achieved.

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