BSP expects higher inflation rate in 2017-2018

Written by Edrian Acla on December 23, 2016

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QUEZON City, Philippines – The Bangko Sentral ng Pilipinas forecasts an increase of 3.3% in the inflation rate in 2017 and an increase of 3% in the inflation rate in 2018. The higher inflation rate is due to the oil price hike in the world market.

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