BSP forecasts below 5% inflation in January 83 SHARES Share it! The BSP forecasts a January inflation range of 4.3 percent to 5.1 percent. Based on a December 2018 BSP survey, it said private forecasters expect this year’s average inflation to hit 4.1 percent, while in 2020 it could be 3.8 percent. The private forecasters’ estimates were higher than BSP’s 3.2 percent and three percent forecasts for 2019 and 2020, respectively. The BSP said its latest inflation forecasts indicate that numbers will settle within the target range of two-four percent and that a slowing inflation momentum will continue as global crude oil prices ease, food supply conditions normalize, and the exchange rate further stabilizes.

Source: Manila Bulletin January 31, 2019 08:26 UTC