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November inflation seen within 2.4 to 3.2 pct, says BSP think tank

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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/09/06/20180906-divisoria-market-inflation-6990-jc.jpg"/></figure></div><p>MANILA - Inflation in November likely settled within the 2.4 to 3.2 percent range, the Bangko Sentral ng Pilipinas&#x27; Department of Economic Research said Friday.</p><p>The impact of storms and typhoons on prices of rice and agricultural products, and higher domestic oil prices contributed to upward price pressures, the BSP-DER said while lower electricity rates and the appreciation of the peso likely helped offset it.</p><p>&quot;Looking ahead, the BSP will remain watchful of economic and financial developments to ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved,&quot; it said.</p><p>Philippine inflation quickened in October driven by higher food and non-alcoholic beverage prices, according to official government data.</p><p>The consumer price index rose at a quicker annual pace of 2.5 percent in October, within the 1.9 to 2.7 percent forecast range of the Bangko Sentral ng Pilipinas&#x27; Department Economic Research for the month.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/05/20/inflation-accelerates-to-25-percent-in-october-fastest-in-3-months">Inflation accelerates to 2.5 percent in October, fastest in 3 months</a></li></ul><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/IPuQNXXh0ZQ?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Inflation in November likely settled within the 2.4 to 3.2 percent range, the Bangko Sentral ng Pilipinas' Department of Economic Research said Friday.<br /> </p>

Inflation in November likely settled within the 2.4 to 3.2 percent range, the Bangko Sentral ng Pilipinas' Department of Economic Research said Friday.