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Philippines central bank sees November inflation at 7.4-8.2%

Published 11/29/2022, 08:43 AM
Updated 11/29/2022, 08:46 AM
© Reuters. FILE PHOTO: FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco/File Photo/File Photo

MANILA (Reuters) - The Philippines central bank expects November annual inflation to be in a range of 7.4% to 8.2%, reflecting upward price pressures from electricity and agricultural products, it said on Tuesday.

Inflation, which hit its highest in nearly 14 years at 7.7% in October, is expected to decelerate gradually in the following months as cost-push shocks owing to bad weather dissipate, the central bank added.

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