Philippines central bank sees November inflation at 7.4-8.2%

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)