The BSP Department of Economic Research projects November 2018 inflation to settle within the 5.8 � 6.6 percent range. The deceleration of inflation for the month could be attributed to the sharp decline in petroleum prices, the normalization of supply conditions in rice and other agricultural commodities, and the peso appreciation. These could be offset in part by the adjustments in jeepney and bus fares as well as higher electricity rates in Meralco-serviced areas. Moving forward, the BSP will remain watchful of economic and financial developments to ensure the achievement of its primary mandate of price stability conducive to balanced and sustainable economic growth.
Source: Bangko Sentral NG Pilipinas (BSP)