Philippines central bank sees December inflation at 2.3% to 3.1%

MANILA: The Philippines’ annual inflation rate was likely to be within a 2.3% to 3.1% range in December, with full-year inflation averaging 3.2%, the central bank said on Friday.

The central bank said it “will continue to monitor developments affecting the outlook for inflation and growth in line with its data-dependent approach to monetary policy decision-making”.

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The Philippines’ statistics agency will release inflation data early in January.