Bloomberg News

Philippines to Meet 3% to 5% Inflation Target Till 2013

October 20, 2011

Oct. 20 (Bloomberg) -- The Philippines will meet its inflation target of between 3 percent and 5 percent this year till 2013, central bank Governor Amando Tetangco said in Manila today.

Inflation this year will likely average 4.46 percent, 3.05 percent in 2012 and 3 percent in 2013, central bank Deputy Governor Diwa Guinigundo said. Monthly inflation this year won’t exceed 5 percent, Guinigundo said.

The central bank said inflation outlook is slightly tilted on the downside as commodity prices ease.

To contact the reporter on this story: Karl Lester M. Yap in Manila at kyap5@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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