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Inflation seen to ease further to 6.3 to 7.1 percent in April: BSP

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Vendors tend to their produce at the fish stalls in Guadalupe Public Market in Makati City on January 13, 2023. Jonathan Cellona, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/tvpatrol/04/28/20230113-dti-guadalupe-market-jc-2-30-(1).jpg"/><figcaption>Vendors tend to their produce at the fish stalls in Guadalupe Public Market in Makati City on January 13, 2023. <em>Jonathan Cellona, ABS-CBN News</em></figcaption></figure></div><p>MANILA - Inflation in April likely settled within the 6.3 to 7.1 percent range, according to estimates released Friday by the Bangko Sentral ng Pilipinas.</p><p>Easing price pressures for the month was attributed to the decline in electricity rates, fish and vegetables prices as well as the rollback in LPG prices, the BSP said in a statement.</p><p>Upward price pressures, meanwhile, likely came from higher domestic petroleum prices, and the increases in rice and meat prices, the central bank said.</p><p>“Going forward, the BSP remains prepared to respond appropriately to continuing inflation risks in line with its data-dependent approach to monetary policy formulation,” it said.</p><p>Inflation in March decelerated to 7.6 percent from 8.6 percent in February. April&#x27;s inflation data is set to be released on the first week of May.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/amp/business/04/05/23/inflation-cools-to-76-percent-in-march">Inflation cools to 7.6 percent in March</a></li>	<li><a href="https://news.abs-cbn.com/business/04/24/23/dbcc-keeps-6-to-7-percent-2023-growth-target-sees-higher-inflation">DBCC keeps 6 to 7 pct 2023 growth target; sees higher inflation</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2491966" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Inflation in April likely settled within the 6.3 to 7.1 percent range, according to the estimates released Friday by the Bangko Sentral.