BSP sees October inflation within 3.2-3.7 pct range

Reuters

Posted at Oct 30 2017 05:10 PM

MANILA - The Philippine central bank said on Monday annual inflation in October was expected within the 3.2 percent to 3.7 percent range, with higher energy costs, water rates and a weaker peso contributing to upward price pressures.

Headline inflation in September was 3.4 percent, bringing nine-month average inflation to 3.1 percent. 

Average inflation is expected to remain within the government's target range of 2-4 percent for this year, the central bank said in a statement.

October inflation data is due on Nov. 7, two days before the central bank holds its policy-setting meeting.