Central bank sees Sept inflation within 2.9-3.6 pct


Posted at Sep 29 2017 02:28 PM

MANILA - The Bangko Sentral ng Pilipinas said on Friday it expected annual inflation in September to settle within the 2.8 to 3.6 percent range, with upward pressure coming from higher energy and rice prices as well as a weak peso.

Full-year inflation, however, will remain within the government's target range of 2 to 4 percent, it said.

Annual inflation in August stood at 3.1 percent, bringing the average so far this year to 3.1 percent.