Wednesday 26 June
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.

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