Wednesday 19 June
BPI will start charging online fund transfers in July Aug 8, 2018 @ 17:15

August inflation may hit 6.3% — BPI


The worst is far from over.

Inflation may have zoomed to 5.7 percent in July, well beyond the government’s 2-4 percent target. But economist Jun Neri of the Bank of the Philippine Islands (BPI) said this could jump further this month.

“Based on our latest estimates PHL 2018 inflation may peak in Nov at 6.3%, a 2.3 ppt monthly target breach using 2012 base year,” Neri said on Twitter.

However, he called for calm as this is nothing compared to a decade ago, back when inflation reached double-digit in August 2008.

Will this be enough to restore calm?

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Jun Neri, economist at the Bank of the Philippine Islands, warned that prices of consumer
Too much of something is bad for business.
The industry cheered him on his first day in office.
It’s sure to below four percent again.


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.