{"id":104240,"date":"2017-05-26T20:55:15","date_gmt":"2017-05-27T00:55:15","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=104240"},"modified":"2017-05-26T20:55:15","modified_gmt":"2017-05-27T00:55:15","slug":"bsp-eyes-may-17-inflation-between-2-9-3-7","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/05\/26\/bsp-eyes-may-17-inflation-between-2-9-3-7\/","title":{"rendered":"BSP eyes May \u201917 inflation between 2.9- 3.7%"},"content":{"rendered":"<figure id=\"attachment_99093\" aria-describedby=\"caption-attachment-99093\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-99093\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n-1.jpg\" alt=\"Lower prices of oil and cut in electricity rates are expected to counter the effect of higher rice prices and bring the May 2017 inflation level between 2.9-3.7 percent.  (Photo: Bangko Sentral ng Pilipinas\/ Facebook)\" width=\"960\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n-1.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n-1-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/12540642_997366883660474_3155120477978164612_n-1-768x510.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-99093\" class=\"wp-caption-text\">Lower prices of oil and cut in electricity rates are expected to counter the effect of higher rice prices and bring the May 2017 inflation level between 2.9-3.7 percent. (Photo: <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/photos\/a.335647726499063.76156.154917097905461\/997366883660474\/?type=1&amp;amp;theater\">Bangko Sentral ng Pilipinas\/ Facebook<\/a>)<\/figcaption><\/figure>\n<p>MANILA\u2014Lower prices of oil and cut in electricity rates are expected to counter the effect of higher rice prices and bring the May 2017 inflation level between 2.9-3.7 percent.<\/p>\n<p>The forecast range, announced by Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. through text messages to reporters Friday, is lower than the three to 3.8 percent the central bank had for the April inflation rate.<\/p>\n<p>Last April, rate of price increases was flat at 3.4 percent but is more than twice the 1.1 percent same month last year.<\/p>\n<p>In the first four months of the year, inflation averaged at 3.2 percent, slightly higher than the mid-point of the central bank\u2019s two to four percent target range for this year until 2020.<\/p>\n<p>Inflation averaged at 3.2 percent in the first quarter this year.<\/p>\n<p>Monetary officials expect inflation to sustain its rise only until the third quarter of this year, with this year\u2019s average seen at 3.4 percent.<\/p>\n<p>\u201cMoving forward, the BSP will continue to monitor evolving price conditions in line with the BSP\u2019s commitment to price stability conducive to balanced and sustained economic growth,\u201d Tetangco said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Lower prices of oil and cut in electricity rates are expected to counter the effect of higher rice prices and &hellip;<\/p>\n","protected":false},"author":33,"featured_media":99093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216],"class_list":["post-104240","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/104240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=104240"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/104240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/99093"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=104240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=104240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=104240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}