The BSP Department of Economic Research projects the August 2019 inflation to settle within the 1.3 � 2.1 percent range. Lower domestic prices for gasoline, diesel and kerosene, the continued decline in rice prices as well as the downward adjustment in electricity rates dampened inflation pressures during the month. These could be partly offset by the recent depreciation of the peso and higher prices of selected food items. Moving forward, the BSP will remain watchful of economic and financial developments that could affect the inflation environment in line with its commitment to price stability conducive to long-term economic growth.

Source: Bangko Sentral ng Pilipinas (BSP)