BSP sees October inflation to settle within 2% to 2.8%

PTVPhilippines

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00:00The Banco Central ng Pilipinas or BSP reported the country's inflation rate is expected

00:05to settle within the range of 2% to 2.8% in October.

00:10The central bank attributed the possible uptick in inflation to rising food and fuel costs

00:16as well as the Pesos depreciation.

00:19Higher prices for vegetable, fruit, fish and domestic petroleum were identified as primary

00:24contributors to the month's inflationary trend.

00:27Moreover, lower prices of rice and meat along with reduced electricity rates are expected

00:33to offset the upward risks to inflation this month.

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