The BSP Department of Economic Research projects September 2019 inflation to settle within the 0.6 � 1.4 percent range. The continued decline in rice prices and the downward adjustment in electricity rates could be offset by the recent uptick in fuel prices as well as higher prices of selected food items due to weather disturbances during the month. 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)