MANILA, Philippines—The pace of price increases of basic goods and services—which has plateaued over the last three months—may start declining as early as this month with the entry of imported pork into the local market expected to mitigate the country’s inflation rate, according to an economist.
This bodes well for the forecast of the Bangko Sentral ng Pilipinas (BSP) which remains optimistic that the consumer price index will normalize in the second semester of 2021 due in part to aggressive policy interventions by the government to easy supply side issues.
“Signs point to a deceleration in headline inflation in the coming months as supply conditions ease, even if crude…
Keep on reading: ING economist says cheaper pork coming soon as imports’ impact is felt