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News

  • BSP sees slower Jan. inflation The overall increase in prices of widely used goods likely dropped sharply in January for the 3rd straight month, the Bangko Sentral ng Pilipinas (BSP) or central bank said. The BSP expects inflation to have settled at 4.3-5.1% last month, hence, could decline further from December 2018’s 5.1%, as lower rice prices and power rates may have offset higher fuel prices as the year opened. This will also be the slowest pace since at least April’s 4.5%, but will still be faster than the 3.4% recorded in January 2018.

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