The Bangko Sentral ng Pilipinas (BSP) projects September 2021 inflation to settle within the 4.8 to 5.6 percent range.
Inflation will be driven by the upward adjustments in domestic oil prices, Meralco electricity rates, suggested retail prices of basic necessities and prime commodities, and prices of selected fruits and vegetables as well as rice. These could be partially offset by the decline in meat prices along with the slight appreciation of the peso.
Moving forward, the BSP will continue to monitor emerging price developments to help ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved. (PR)