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.
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