November 29, 2017 / 4:34 AM / 19 days ago

Philippine central bank sees November inflation in 2.9-3.6 percent range

MANILA (Reuters) - The Philippine central bank said on Wednesday that annual inflation in November was expected be within a range of 2.9-3.6 percent, with the impact of higher fuel and electricity costs possibly offset by a slightly stronger peso.

Headline inflation in October quickened to a three-year high of 3.5 percent, pushed up by higher fuel prices and a weaker peso.

That brought the year’s average so far to 3.2 percent, above the midpoint of the government’s 2-4 percent target range. November inflation data is due on Dec. 5.

Reporting by Enrico dela Cruz; Editing by Kim Coghill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below