
MONTH-AHEAD INFLATION FORECAST FOR SEPTEMBER 2024
The Bangko Sentral ng Pilipinas (BSP) estimates that inflation for September 2024 will fall between 2.0% and 2.8%. Key factors contributing to this downward pressure include negative base effects, reduced prices for food items such as rice, meat, and vegetables, lower domestic oil prices, and a stronger peso. These influences are anticipated to counterbalance rising prices for fish, fruits, and electricity. Moving forward, the Monetary Board plans to adopt a cautious strategy to maintain price stability, promoting balanced and sustainable economic growth and job creation.