Wednesday 21 November
Powered by Ajaxy
Nov 30, 2017 @ 13:44

Fuel, power rates drive November inflation — BSP


Prices of basic goods inched higher in November amid rising petroleum and utility rates.

Inflation likely logged between 2.9-3.6 percent in November, according to the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research.

In a statement, the BSP unit said higher retail pump prices may have stoked prices from a year ago, coupled with successive power rate hikes introduced by the Manila Electric Company during the month.

On the other hand, the recovery of the peso to P50:$1 could have helped ease pressures, allowing the monthly inflation rate to still fall within the 2-4% range.

Please follow and like us:

Tags: , , , , ,

Related Stories
Higher taxes had little to do with the recent spikes in petroleum prices.
On one side sit Midwestern farmers who grow the corn used to make ethanol. On
Prices of fuel, alcohol, and tobacco saw the fastest increases at the start of 2018.
Ride-sharing company Uber System Inc. sought the approval of the Land Transportation Franchising Regulatory Board


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.