BSP forecasts January 2018 inflation at 3.5-4%



"The Bangko Sentral ng Pilipinas- Department of Economic Research projects January 2018 inflation to settle within the 3.5 - 4.0 percent range. The increase in the prices of domestic petroleum product on account of higher global crude oil prices along with higher food prices due to weather-related disturbances could contribute to the rise in inflation for January 2018. In addition, higher excise taxes on fuel, sugar sweetened beverages with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) this month, would lead to additional upward price pressures. The increase in prices could be partly offset by lower electricity rates in Meralco-serviced areas for the month."

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