Saturday, October 12, 2024

September Inflation in Philippines Estimated at 2% to 2.8% by Central Bank

Share

Philippines Central Bank Sees September Inflation at 2% to 2.8%

Philippine inflation was likely within the 2 to 2.8 percent range in September, according to the central bank on Monday (Sep 30).

Base effects and lower prices on food and oil were the main sources of downward price pressures for the month, the Bangko Sentral ng Pilipinas said in a statement.

“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,” it said.

The Philippines’ statistics agency will release inflation data on Friday.

Alexandra Bennett
Alexandra Bennetthttps://www.businessorbital.com/
Alexandra Bennett is a seasoned business journalist with over a decade of experience covering the global economy, finance, and corporate strategies. With a Bachelor's degree in Economics and a Master's in Business Journalism from Columbia University, Alexandra has built a reputation for her insightful analysis and ability to break down complex economic trends into understandable narratives. Prior to joining our team, she worked for major financial publications in New York and London. Alexandra specializes in mergers and acquisitions, market trends, and economic

Read more

Latest News