Friday 19 April
Mar 18, 2019 @ 18:26

Sure na! Gov’t confident inflation to stay below 4% til 2022

 

Last year’s price spikes are a fluke.

The economic team of President Rodrigo Duterte thinks skyrocketing inflation is officially a thing of the past.

With inflation seen hovering lower, the Development Budget Coordination Committee (DBCC) bared their latest price forecasts on Wednesday, March 13.

After a 5.2 percent print in 2018, the DBCC said inflation will settle back down to 3-4 percent this year. The picture is better for the next few years, with the team keeping their 2-4 percent assumption for annual inflation.

This is also premised on lower Dubai oil prices, which they see ranginng from $60-75 per barrel.

Please follow and like us:

Tags: , ,

Related Stories
This is the perfect interaction of his past and present.
President Rodrigo Duterte will keep the Philippine Reclamation Authority (PRA) in the freezer until its
President Rodrigo Duterte is claiming that water companies, with the connivance of the state watchdog


 

Trending News

Recommended on sister sites

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