Category : Press Release
Date : July 30, 2021
Agency : Bangko Sentral ng Pilipinas
Title : Month-Ahead Inflation Forecast for July 2021
Article : ?The BSP projects July 2021 inflation to settle within the 3.9 – 4.7 percent range. Higher prices of domestic petroleum products and key food items along with the upward adjustment in Meralco electricity rates and a weaker peso are the main sources of upward price pressures for the month. Moving forward, the BSP will continue to monitor emerging price developments to ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved.