While the government has already moved to arrest the rise in food prices, especially of pork, by flooding the market with imports, elevated commodity prices worldwide would keep inflation above the government’s 2-4 percent target range for the rest of 2021, Metrobank Research said on Wednesday.
“From where we are right now, signs of sustained rise in global commodity prices, and in turn, global inflation are picking up. Worries over supply shortages and logistical deadlocks in commodities such as semiconductor, steel, lumber, among others, have been reported as companies look to be in a panic-buying mode just to replenish their stockpiles and keep up with the increasing consumer deman…
Keep on reading: External pressures seen to keep inflation above gov’t forecast