Philippines central bank sees November inflation at 7.4-8.2%

MANILA (The Philippine Daily Inquirer/Asia News Network): 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 (Nov 29).

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.