
Inflation to Stay Above BSP Target Until 2027, Citi Projects
Citi projects Philippine inflation to remain above the central bank's target until the end of 2027, keeping interest rates elevated despite slowing economic growth. Delays in government spending are weighing on the economy.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Caraga inflation eases to 8.9% on cheaper food
The Philippine Statistics Authority (PSA) reported that the headline inflation in the Caraga region eased to 8.9% in October, down from 9.0% in September. This deceleration was primarily driven by slower price increases in food and non-alcoholic beverages, though it remains significantly higher than the previous year.
- Baguio, Cordillera Face Steep Inflation in October
Inflation rates for dining out and public transportation surged to 9.3% in Baguio City and 9.2% in the Cordillera region in October, marking the highest rates this year and impacting the cost of living for residents.
- Philippines Faces Asia's Highest Inflation Amid Soaring Fuel Costs, ING Reports
The Philippines has recorded the highest inflation rate in Asia, according to an analysis by ING bank. Soaring fuel costs are identified as the primary driver, raising concerns about the impact on citizens' daily lives.
- Philippine Economy Faces Dilemma of Slow Growth Amid High Inflation
The Bangko Sentral ng Pilipinas (BSP) acknowledged the country's struggle with a challenging mix of high inflation and sluggish economic growth, emphasizing that future policy decisions will be data-driven. Balancing inflation control with economic stimulus remains a key challenge.