MANILA, Nov 21 (Philippines Daily Inquirer/ANN): The country’s inflation rate may slow substantially for November due to moderating prices combined with what the central bank described as “negative base effects” since this month’s level is being compared to the same period last year when prices were surging.
Adding to the decelerating prices reported in the last two months, Bangko Sentral ng Pilipinas Deputy Governor Francisco Dakila Jr. said the policy-making Monetary Board last week decided to lower its forecast for the full year consumer price index.