• Upward price pressures expected from higher electricity rates, prices of agricultural commodities and higher LPG prices, BSP says in a statement
• Reduction in petroleum and rice prices and peso appreciation could contribute to easing price pressures for the month
• “The BSP continues to monitor closely emerging price developments to enable timely intervention that could help prevent the further broadening of price pressures,” it says
• NOTE: In November, inflation accelerated to 8% y/y, fastest pace in almost 14 years, mainly on higher food prices