In a report, Metrobank Research, the research unit of Metropolitan Bank & Trust Co., said inflation would likely be steady at the two percent level from October to December.
This came after the September print eased to an over four-year low of 1.9 percent, even falling below the expectation of the Bangko Sentral ng Pilipinas (BSP).
The sharp reduction was primarily due to slower increases in the prices of food and non-alcoholic beverages, transport and housing, water, electricity, gas and other fuels.
"Rice prices are expected to continue to weigh on headline inflation, driven by lower tariffs and increased local supply following the harvest season," Metrobank Research said.
Bu hikaye The Philippine Star dergisinin October 19, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin October 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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