The BSP Department of Economic Research projects November 2019 inflation to settle within the 0.9 1.7 percent range. The increase in electricity rates as well as higher prices of gasoline, LPG, and selected food items are seen as the primary sources of upward price pressures for the month. Meanwhile, inflation could be tempered by lower domestic rice prices and the appreciation of the peso. Looking ahead, the BSP will remain watchful of evolving inflationary conditions to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate.

Source: Bangko Sentral ng Pilipinas