{"id":121762,"date":"2017-10-06T00:07:45","date_gmt":"2017-10-06T04:07:45","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=121762"},"modified":"2017-10-06T00:07:45","modified_gmt":"2017-10-06T04:07:45","slug":"monetary-officials-confident-2017-inflation-within-govt-goal","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/06\/monetary-officials-confident-2017-inflation-within-govt-goal\/","title":{"rendered":"Monetary officials confident 2017 inflation within gov&#8217;t goal"},"content":{"rendered":"<figure id=\"attachment_109904\" aria-describedby=\"caption-attachment-109904\" style=\"width: 225px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bsp-logo1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-109904\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bsp-logo1.jpg\" alt=\"The inflation level last July brought the year-to-date average to 3.1 percent. The year-ago level is lower at 1.9 percent. (PNA PHOTO) \" width=\"225\" height=\"225\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bsp-logo1.jpg 225w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/bsp-logo1-150x150.jpg 150w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/a><figcaption id=\"caption-attachment-109904\" class=\"wp-caption-text\">\u00a0Inflation a year ago is lower at 2.3 percent. (PNA PHOTO)<\/figcaption><\/figure>\n<p>MANILA &#8211; &#8211; Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. remains confident that inflation will be within the government&#8217;s target for this year amid the uptick to five-month high of 3.4 percent last September from the previous month\u2019s 3.1 percent.<\/p>\n<p>In the first nine months this year, inflation averaged at 3.1 percent, slightly above the mid-point of the government\u2019s two to four percent target. Inflation a year ago is lower at 2.3 percent.<\/p>\n<p>The Philippine Statistics Authority (PSA), in a report Thursday, traced the faster inflation rate last September to annual growth posted by the heavily-weighted food and non-alcoholic beverages index.<\/p>\n<p>Core inflation, which exclude volatile items such as food and oil, went up to 3.3 percent last September from last August\u2019s three percent. Average to date stood at 2.9 percent.<\/p>\n<p>Despite this inflation rate, Espenilla said monetary officials remain confident that rate of price increases will stay within target until 2019.<\/p>\n<p>\u201cFirm domestic economic activity, sufficient liquidity and well-anchored inflation expectations continue to support current policy settings,&#8221; he said.<\/p>\n<p>Espenilla also assured the public that central bank officials will continue to \u201cclosely monitor emerging economic and financial developments to determine scope for further refinement of policy instruments.\u2019<\/p>\n<p>The central bank\u2019s policy-making Monetary Board (MB) projects inflation to average at 3.2 percent from 2017 to 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8211; &#8211; Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. remains confident that inflation will be within &hellip;<\/p>\n","protected":false},"author":33,"featured_media":109904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216,21349,13259],"class_list":["post-121762","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","tag-governor-nestor-a-espenilla-jr","tag-philippine-statistics-authority","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/121762","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=121762"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/121762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/109904"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=121762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=121762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=121762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}