Sept inflation likely within 2-2.8% range – BSP

Inflation likely settled within the two to 2.8 percent range in September after falling to 3.3 percent in August from 4.4 percent in July, according to the Bangko Sentral ng Pilipinas (BSP).

- Keisha Ta-asan

"Negative base effects along with lower prices of food commodities including rice, meat and vegetables as well as lower domestic oil prices, and the appreciation of the peso are the primary sources of downward price pressures for the month," the BSP said.

These factors would offset higher prices of fish and fruits as well as elevated electricity rates, January, inflation fell in August the central bank said.

"Going forward, the Monetary Board will continue to take a measured approach in ensuring price stability conducive to balanced and sustainable growth of the economy and employment," and employment," it added.