BSP: Inflation to keep decline in Septemberhome/Business/Top Business/BSP: Inflation to keep decline in SeptemberINFLATION likely dropped further last month on the back of sustained deceleration in rice prices and lower electricity rates, the Bangko Sentral ng Pilipinas (BSP) announced on Monday. In a statement, the central bank said its Department of Economic Research projected consumer price growth “to settle within the 0.6 – 1.4 percent range” in September. The Philippine Statistics Authority is set to release official September inflation data on October 4. “Moving forward, the BSP will remain watchful of economic and financial developments that could affect the inflation environment in line with its commitment to price stability conducive to long-term economic growth,” the Bangko Sentral said. The subdued pace of global economic activity, on the other hand, continues to temper the inflation outlook, he added.

Source: Manila Times September 30, 2019 16:18 UTC