NextGen Day

In April 2023, it is anticipated that lower electricity prices, a decline in the cost of fish and vegetables, and lower liquefied petroleum gas (LPG) prices will help slow the inflation rate to 6.3 to 7.1 percent.

The Bangko Sentral ng Pilipinas (BSP) said on Friday that these factors could be offset by rising costs for meat, rice, and gasoline, as well as the effect of the peso’s depreciation versus the US currency.

According to its data-dependent approach to monetary policy formulation, “the BSP remains prepared to respond appropriately to continuing inflation risks going forward,” it stated.

After reaching a 14-year high of 8.7 percent in January of last year, the rate of price rises slowed down for the second consecutive month in March to 7.6 percent.

Average inflation in the first quarter of this year was 8.3%, significantly higher than the government’s intended range of 2 to 4 percent.

The last quarter of this year is when the monetary authorities anticipate that domestic inflation will start to recover to within-target levels.

The BSP expects inflation to be on average 6% this year.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---