April 2017 Inflation at 3.4%

Inflation held steady at 3.4 percent in April as slower price adjustments in electricity and petroleum products cushioned the impact of higher food prices. The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) said that policy settings remain appropriate as inflation remained manageable and within the two to four percent target. Average inflation in the first four months of the year is at 3.2 percent…

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