Oct. 28 (Bloomberg) -- Philippine inflation this month may range from 4.5 percent to 5.4 percent as the central bank considered higher food and utility costs, Governor Amando Tetangco said in a mobile phone message today.
Recent storms pushed vegetable and fish prices, which “could tip” October inflation higher than a month ago, Tetangco said. “These are, however, expected to result in a one-off escalation in inflation” as consumer prices during the policy horizon are expected to “remain manageable, moderating towards year-end,” the governor said. The central bank will “closely monitor developments, particularly with respect to possible supply disruptions due to weather disturbances in the region.” The government will report the data on Nov. 4.
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