Philippine central bank says September annual inflation within 6.6% to 7.4% range

1 min read
FILE PHOTO: A logo of Bangko Sentral ng Pilipinas is seen at their main building in Manila

MANILA (Reuters) – The Philippine central bank on Friday said it expects the annual inflation rate for September to stay within the 6.6% to 7.4% range.

Inflation for the month is expected to be driven by the increase in electricity rates and prices of key food commodities, as well as by the depreciation of the peso, it said in a statement.

(Reporting by Neil Jerome Morales; Writing by Kanupriya Kapoor; Editing by Martin Petty)


Related News:   How Did One American Company’s Stock Skyrocket In A Single Day?