Lower rice prices are seen to help ensure the rate of price increases in the Philippines will remain manageable until 2027, with the figure expected to stay within the Bangko Sentral ng Pilipinas\u2019 (BSP) 2-4 percent target band.<\/p>\n
On Wednesday, the Philippine Statistics Authority (PSA) reported an unchanged inflation rate for October 2027 at 1.7 percent relative to the previous month, which is lower than year-ago rate of 2.3 percent.<\/p>\n
Average inflation in the first 10 months this year stood at 1.7 percent, and BSP, in a statement, said the forecast is for the full-year average to be at \u201cthe low end of the target range\u201d largely because of the easing prices.<\/p>\n
\u201cThe outlook for inflation is generally benign, remaining well within the target range over the policy horizon. For 2026 and 2027, inflation is expected to settle within the 3.0% \u00b1 1.0 ppt target range,\u201d the BSP statement on Wednesday read.<\/p>\n
BSP said \u201cinflation expectations also remain well-anchored.\u201d<\/p>\n
\u201cPotential electricity rate adjustments and possible increases in tariffs on rice imports could add some upward pressures. Nonetheless, the risks to the inflation outlook are limited as price pressures are expected to ease amid stabilizing global commodity prices,\u201d it noted.<\/p>\n
The statement noted the BSP\u2019s policy-making Monetary Board has \u201cnoted that the outlook for domestic economic growth has weakened.\u201d<\/p>\n
This outlook, it said, \u201creflects in part the impact on business confidence of governance concerns about public infrastructure spending.\u201d<\/p>\n
\u201cIndications of slowing demand also reflect lingering uncertainty from the external environment,\u201d it said.<\/p>\n
\u201cGoing forward, the Monetary Board will continue to review newly available information and reassess the impact of prior monetary actions in light of evolving economic conditions and their implications for inflation and growth,\u201d it added. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"
However, risks such as volatile weather patterns, peso depreciation, and global supply chain issues still warrant caution.<\/p>\n","protected":false},"author":73,"featured_media":261472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19565],"tags":[],"class_list":["post-261471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-today"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"5682":"Finally may good news sa presyong bigas \ud83d\ude2d\ud83d\udc4f\r","5683":"BSP doing a great job! \ud83d\udcaa\r"}]},"_links":{"self":[{"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/posts\/261471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/comments?post=261471"}],"version-history":[{"count":0,"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/posts\/261471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/media\/261472"}],"wp:attachment":[{"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/media?parent=261471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/categories?post=261471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uptownmanila.com\/wp-json\/wp\/v2\/tags?post=261471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}