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Philippines central bank sees November inflation at 7.4-8.2%

Philippines central bank sees November inflation at 7.4-8.2%

FILE PHOTO: FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco/File Photo/File Photo

MANILA : The Philippines central bank expects November annual inflation to be in a range of 7.4 per cent to 8.2 per cent, reflecting upward price pressures from electricity and agricultural products, it said on Tuesday.

Inflation, which hit its highest in nearly 14 years at 7.7 per cent in October, is expected to decelerate gradually in the following months as cost-push shocks owing to bad weather dissipate, the central bank added.

Source: Reuters

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