{"id":200356,"date":"2019-02-01T03:34:14","date_gmt":"2019-02-01T08:34:14","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=200356"},"modified":"2019-02-01T03:34:29","modified_gmt":"2019-02-01T08:34:29","slug":"bsp-forecasts-steadier-inflation-in-january-2019","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/02\/01\/bsp-forecasts-steadier-inflation-in-january-2019\/","title":{"rendered":"BSP forecasts steadier inflation in January 2019"},"content":{"rendered":"
\"\"<\/a>
The BSP complex in Manila (File Photo<\/a>
By Ramon FVelasquez\/Wikimedia <\/a>commons, CC BY-SA 3.0<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Higher oil prices is seen to push January 2019 inflation between 4.3 to 5.1 percent.<\/p>\n

In a statement Thursday, the Bangko Sentral ng Pilipinas (BSP) said higher domestic pump prices due to rising world crude prices and the implementation of the second increase in oil excise taxes \u201cis seen to be the primary driver of inflation for the month.\u201d<\/p>\n

\u201cIn addition, higher fish and vegetable prices due to colder weather conditions and the annual adjustments in the excise taxes of alcoholic beverages from the Sin Tax Law could result in additional upward price pressures,\u201d it said.<\/p>\n

Monetary officials, meanwhile, projects these factors will be mitigated by lower prices of rice, cut in power rates, and strengthening of the peso.<\/p>\n

\u201cLooking ahead, the BSP will remain watchful of evolving inflationary conditions to ensure that the monetary policy stance remains consistent with the BSP\u2019s price stability mandate,\u201d the statement added.<\/p>\n

Domestic inflation peaked at 6.7 percent in September and October 2018 and decelerated to 6 percent and 5.1 percent in the succeeding two months. This brought the year\u2019s average to 5.2 percent.<\/p>\n

Monetary officials project inflation to ease this year and return to the target band of 2 to four percent.<\/p>\n

BSP forecasts inflation to average at 3.2 percent this year and 3 percent in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Higher oil prices is seen to push January 2019 inflation between 4.3 to 5.1 percent. In a statement Thursday, …<\/p>\n","protected":false},"author":44,"featured_media":200361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-200356","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/200356","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=200356"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/200356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/200361"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=200356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=200356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=200356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}