Bangko Sentral sees December inflation within 2.9 to 3.7 pct

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MANILA - The Bangko Sentral ng Pilipinas on Tuesday said it sees December inflation settling within the 2.9 to 3.7 percent range.

The BSP said higher prices of domestic petroleum products and key agricultural items contributed to upward price pressures during the month.

Inflation accelerated to its fastest pace in 21-months in November as food prices rose following successive typhoons that devastated parts of the country.

 

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