BSP Sees July Inflation Settling at 0.5% to 1.3% - BusinessWorld Online

BSP sees July inflation settling at 0.5% to 1.3% - BusinessWorld Online

By Luisa Maria Jacinta C. Jocson, Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday said it expects headline inflation to settle below 2% in July. The central bank’s month-ahead forecast showed that inflation likely fell within the 0.5%-to-1.3% range in July. If realized, July inflation would be slower than the 1.4% print in June and the 4.4% clip a year ago. “Upward price pressures for the month are likely to be driven by higher…

Philippine inflation likely eased in July, says BSP

MANILA, Philippines — Inflation rate in the country likely softened further in July due to the continued decline in rice prices, the Bangko Sentral ng Pilipinas (BSP) said. In a statement on Thursday, the BSP estimated that the annual inflation rate in July had ranged between 0.5 percent and 1.3 percent. This indicates a slowdown in the annual price increases of goods typically consumed by Filipino households from the average rate of 1.4 percent…

Continuous decline in rice prices may pull inflation lower in July

MANILA, Philippines — The continued decline in rice prices could pull inflation lower to 0.5 percent in July, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.Consumer price growth was forecast to hit 0.5 to 1.3 percent in July, lower than the 1.4 percent recorded a month earlier.The Philippine Statistics Authority (PSA) will release July data on August 5. Another sub-2.0 percent outcome could prompt monetary authorities to again lower key…

BSP says July inflation likely within 0.5%-1.3% range

MANILA — Philippine inflation was likely within the 0.5% to 1.3% range in July, the country’s central bank said on Thursday. “Going forward, the BSP will continue to monitor developments affecting the outlook for inflation and growth in line with its data-dependent approach to monetary policy decision-making,” the Bangko Sentral ng Pilipinas said in a statement. The Philippines’ […] The post BSP says July inflation likely within 0.5%-1.3% range …