Inflation likely at 2.4 to 3.2 percent in February: BSP research


Posted at Feb 28 2020 12:02 PM

A vegetable vendor tends to her stall at the Fairview market in Quezon City on October 09, 2019. Jonathan Cellona, ABS-CBN News

MANILA - Inflation likely settled within the 2.4 percent to 3.2 percent range in February, the Bangko Sentral ng Pilipinas' think tank said Friday.

Lower prices of petroleum products, electricity, rice and other food products are expected to temper inflation pressures for the month, the BSP's Department of Economic Research said in a statement.

The central bank will remain "watchful" of developments to ensure price stability, it said.

The consumer price index rose 2.9 percent in January from 2.5 percent in the previous month.