Philippine inflation seen rising in January

Philippine inflation likely picked up in January due to higher 'sin' taxes, oil excise rates, and supply disruptions caused by the Taal Volcano eruption.

Economists surveyed by The Philippine Daily Inquirer predict a range of 2.2% to 3.1%, with a median estimate of 2.7% from BusinessWorld's poll.

The Bangko Sentral ng Pilipinas (BSP) governor noted that the volcano’s impact on food supplies, including coffee, cacao, and rice, could further increase prices.