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Above-target inflation seen likely in May

By Inquirer - 6 months ago
MANILA, Philippines — Inflation may have breached the government’s target in May, as upward price pressures from costly electricity and vegetables were worsened by the pass-through effects of a bearish peso, the Bangko Sentral ng Pilipinas (BSP) said on Friday. In a statement, the BSP said last month’s inflation rate might have settled between 3.7

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