Inflation picks up to 4.5 percent in April

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/03/22/market.jpg"/><figcaption>People shop at a street market in Divisoria, Manila, Philippines, Dec. 29, 2017. Erik De Castro, Reuters/FILE PHOTO</figcaption></figure></div>MANILA - Consumer prices rose 4.5 percent in April, Socioeconomic Planning Secretary Ernesto Pernia said Friday, as inflation breached the government&#x27;s target for the second straight month.Pernia made the announcement on the sidelines of an Asian Development Bank meeting, ahead of the release of official data.Bangko Sentral ng Pilipinas Governor Nestor Espenilla said Thursday inflation pressures had &quot;spread somewhat&quot; fueling speculation that policy makers could raise interest rates as early as next week.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/03/22/18/interest-rates-are-rising-what-does-this-mean-for-your-loans">Interest rates are rising: What does this mean for your loans?</a></li></ul><ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/03/23/18/bangko-sentral-cant-delay-rate-hikes-further-economist">Bangko Sentral can&#x27;t delay rate hikes further: economist</a></li></ul>The BSP had set a 2 to 4 percent inflation target for the year. Separate polls by Bloomberg and Reuters showed that consumer prices likely rose 4.5 percent in April, compared to a 4.3-percent uptick in March.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/05/03/18/philippine-inflation-seen-staying-above-target-in-april-poll">Philippine inflation seen staying above target in April: poll</a></li>	<li><a href="http://news.abs-cbn.com/business/04/05/18/inflation-accelerates-to-43-percent-in-march">Inflation accelerates to 4.3 percent in March</a></li></ul>The BSP&#x27;s policy-making Monetary Board had kept the overnight borrowing rate at 3 percent since September 2014.

Consumer prices rose 4.5 percent in April, Socioeconomic Planning Secretary Ernesto Pernia said Friday, as inflation breached the government's target for the second straight month.

Consumer prices rose 4.5 percent in April, Socioeconomic Planning Secretary Ernesto Pernia said Friday, as inflation breached the government's target for the second straight month.

Inflation picks up to 4.5 percent in April | ABS-CBN

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Inflation picks up to 4.5 percent in April

Inflation picks up to 4.5 percent in April

ABS-CBN News

Published May 04, 2018 09:15 AM PHT

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inflation

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