BSP sees September inflation returning to 2-4% target range

The Bangko Sentral ng Pilipinas (BSP) projects that inflation in September could range from 1.5% to 2.3%.

This forecast indicates a potential return to the BSP's 2-4% target range, a level not seen since February.

Factors contributing to the anticipated price increase include higher costs for rice, fish, and fuel.

However, decreases in the prices of vegetables, meat, and electricity are expected to partially offset these upward pressures.

The BSP will continue to closely monitor both domestic and international economic developments to inform its monetary policy.