Consumer prices rose by an average of between 4.1 and 5 percent in June according to the Bangko Sentral ng Pilipinas. The month before, inflation stood at 4.5 percent, which was the highest in two and a half years. The BSP said these cost pressures may be offset by lower power rates and the relatively strong peso, which makes imported goods cheaper for consumers. Even so, the central bank chief said monetary authorities remained prepared to adjust policy settings to ensure price stability. Read more: business.inquirer.net/173815/prices-of-basic-goods-seen-up-4-1-5#ixzz366uU2Zzq
Posted on: Mon, 30 Jun 2014 09:08:31 +0000
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