BSP sees January inflation at 2.8%-3.6%

January 31, 2024 - 3:49 PM
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Bangko Sentral ng Pilipinas headquarters in Manila. The central bank’s first quarter Consumer Expectations Survey (CES) for 2018 showed an index of 1.7 percent, down from the previous quarter’s 9.5 percent and year-ago’s 8.7 percent. (Reuters file photo)

 Philippine inflation was likely within a range of 2.8% to 3.6% in January, the central bank said on Wednesday.

Higher prices of food, electricity and fuel were the main factors pushing prices upward this month, the Bangko Sentral ng Pilipinas (BSP) said in a statement. The Philippines‘ statistics agency will release inflation data on Feb. 6.

— Editing by Martin Petty