
BSP sees February inflation within target
It noted, however, that lower prices of vegetables, fruits and meat, as well as peso appreciation, could partly offset these pressures.
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19,163 results for “BSP February inflation forecast”

It noted, however, that lower prices of vegetables, fruits and meat, as well as peso appreciation, could partly offset these pressures.

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The Bangko Sentral ng Pilipinas (BSP) projects February inflation to settle within 2.3 to 3.1 percent, within its 2 to 4 percent annual target range.

Economists, government agencies, and the central bank attributed the shortfall largely to the fallout from the ongoing flood control infrastructure scandal.

Tula emphasized that inflation is closely tied to the prices of essential items like food and non-food products.

Inflation in the Philippines dropped to 2.1% in February from 2.9% in January, mainly due to lower food and non-alcoholic beverage prices, according to the PSA.