Inflation to settle between 1.3 to 2.1 percent in April: BSP | ABS-CBN
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Inflation to settle between 1.3 to 2.1 percent in April: BSP
Inflation to settle between 1.3 to 2.1 percent in April: BSP
MANILA -- Inflation may settle between 1.3 to 2.1 percent in April, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
MANILA -- Inflation may settle between 1.3 to 2.1 percent in April, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
The central bank said easing prices of oil, rice, fish, fruits, and vegetables are helping keep inflation down, along with the appreciation of the peso.
The central bank said easing prices of oil, rice, fish, fruits, and vegetables are helping keep inflation down, along with the appreciation of the peso.
Meanwhile, higher electricity rates and LRT-1 fares may have pushed inflation upward, the BSP said.
Meanwhile, higher electricity rates and LRT-1 fares may have pushed inflation upward, the BSP said.
Inflation eased to 1.8 percent in March, which was slower than the 2.1 percent in February and the 3.8 percent clip in January. Slower inflation allowed the central bank to cut rates by 100 basis points since August 2024 to 5.5 percent.
Inflation eased to 1.8 percent in March, which was slower than the 2.1 percent in February and the 3.8 percent clip in January. Slower inflation allowed the central bank to cut rates by 100 basis points since August 2024 to 5.5 percent.
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BSP Governor Eli Romolona has said that more rate cuts in increments of 25 bps may be expected this year, even amid the trade war initiated by US President Donald Trump.
BSP Governor Eli Romolona has said that more rate cuts in increments of 25 bps may be expected this year, even amid the trade war initiated by US President Donald Trump.
Remolona has said that the Philippines was different from the rest of the world in terms of the impact of tariffs, as it relies relatively less on trade than its neighbors. The Philippines also has a lower reciprocal tariff rate, he added.
Remolona has said that the Philippines was different from the rest of the world in terms of the impact of tariffs, as it relies relatively less on trade than its neighbors. The Philippines also has a lower reciprocal tariff rate, he added.
The state statistics bureau will announce the April inflation rate on May 6, Tuesday.
The state statistics bureau will announce the April inflation rate on May 6, Tuesday.
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