MANILA, Philippines – Philippine consumer prices are expected to have significantly declined in November as fuel and food costs softened, a GMANews.TV poll of four economists showed.
The median average of the analysts’ estimates was at 10.45 percent, lower than the 11.2 percent rise in inflation reported in October.
On Friday, the National Statistics Office (NSO) is set to release inflation figures for November.
Analysts also urged the Bangko Sentral ng Pilipinas (BSP) to put more priority on growth, instead of focusing on inflation risks. The BSP’s Monetary Board is set to meet for its next policy meeting on December 18. Read full story>>