Economists predict Feb inflation above 4.8%

Philippine economists predict February inflation will exceed the central bank's 2-4% target range, reaching a median estimate of 4.8%, which would be the highest since December 2018.

The Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno expects inflation to reach 4.7%, within the forecast range of 4.3% to 5.1%, citing rising global crude oil and fish prices as key factors.

Despite these pressures, temporary price caps on meat products in Metro Manila, stable rice prices, and lower power rates in Meralco-serviced areas are expected to mitigate inflation.

The BSP remains prepared to take necessary policy actions to ensure price stability and support sustainable economic growth.