The 1.Five percent average inflation in the first eight months of 2016 will “regularly upward push” for the rest of the year “driven by using endured energy in home economic hobby, weaker home forex, and the effect of tremendous base outcomes,” the crucial bank mentioned.
On the other hand, consumer charges in 2017 and 2018 are probably to fare higher for inflation than the expectancies for 2016.
Inflation is possibly “to method the midpoint target range [of 2-4 percent] inside the first half of 2017 and predicted to dwell inside the target range for the rest of the forecast horizon,” the BSP stated.
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