The Bangko Sentral ng Pilipinas (BSP) expects headline inflation in October to fall within the range of 1.9 percent to 2.7 percent, considering the impact of higher oil and food prices, as well as the drop in rice prices and Meralco rates nationwide.
The forecast compares with the 2.4 percent headline inflation in September, the highest since March last year, and with 1.8 percent in August.
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