BSP sees February inflation at 2.8%-3.6%

February 29, 2024 - 12:22 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 annual inflation was likely within a 2.8%-3.6% range in February, the central bank said on Thursday.

Food, fuel and electricity prices were among the key upside drivers for this month, the Bangko Sentral ng Pilipinas said in a statement. The Philippines‘ statistics agency will release inflation data on March 5.

— Reporting by Mikhail Flores and Neil Jerome Morales; Editing by Kanupriya Kapoor