Philippines central bank sees November inflation at 7.4-8.2%
By:Reuters
Published: Nov 29, 2022, 13:51 UTC•1min read
MANILA (Reuters) – The Philippines central bank expects November annual inflation to be in a range of 7.4% to 8.2%, reflecting upward price pressures from electricity and agricultural products, it said on Tuesday.
Most Popular
EUR/USD
$1.07354
+0.08%
Bitcoin
$23,019.13
-1.41%
S&P 500
$4,130.82
-0.80%
Natural Gas
$2.518
-6.29%
MANILA (Reuters) – The Philippines central bank expects November annual inflation to be in a range of 7.4% to 8.2%, reflecting upward price pressures from electricity and agricultural products, it said on Tuesday.
Inflation, which hit its highest in nearly 14 years at 7.7% in October, is expected to decelerate gradually in the following months as cost-push shocks owing to bad weather dissipate, the central bank added.
(Reporting by Karen Lema; Editing by David Goodman)
Advertisement
Don't miss a thing! Sign up for a daily update delivered to your inbox
Loading
Loading
Loading