BSP: Jan inflation 2.5-3.3% due to higher food, LPG costs
BSP economists expect January's inflation rate to rise between 2.5% and 3.3%, driven by higher food prices, LPG costs, and increased excise taxes on tobacco products.
Higher electricity rates in Meralco service areas and fuel price rollbacks may temper the inflation increase.
The BSP will continue monitoring price trends to ensure monetary policy supports economic growth.
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