Slight push in Nov inflation likely - BSP

Higher prices of key food items, costlier electricity rates, rising oil prices and the depreciation of the peso against the dollar may have pushed inflation upward in November, the Bangko Sentral ng Pilipinas (BSP) said.

- By KEISHA TA-ASAN

In a statement, the BSP said inflation likely settled within the 2.2 to three percent range in November.

If the upper-limit of the forecast range is realized, the November figure would beat the 2.3 percent print in October.

"Increased prices of vegetables, fish and meat due to unfavorable weather conditions, higher electricity rates and petroleum prices, and the depreciation of the peso are the primary sources of upward price pressures this month," the central bank said.