Inflation likely at 4.3 to 5.1 percent in January, says BSP think tank


Posted at Jan 31 2019 03:34 PM

MANILA - Inflation in January likely settled at a range of 4.3 to 5.1 percent, with fuel costs driving prices higher, the Bangko Sentral ng Pilipinas' think tank said Thursday. 

The cold weather likely pushed some food prices higher while programmed increases in excises on liquor also added to inflation pressures, said the BSP's Department of Economic Research.

Lower rice and electricity prices and a slight appreciation of the peso against the dollar could help ease inflation for the month.

Inflation eased to 5.1 percent last December, the lowest since June 2018. 

-- with a report from Bruce Rodriguez, ABS-CBN News