Skip to content


Home » Economist forecasts slower inflation

Economist forecasts slower inflation

  • by

MANILA — An economist of ING Bank NV Manila said the spike in inflation is likely to taper off by end-2018 partly because of government efforts to address the food supply issue, which contributed substantially to the abnormal rate of price increases in recent months.

In a report, ING Bank NV Manila economist Nicholas Mapa said the 6.7-percent inflation rate last September is in line with their forecast that inflation �is close to or has peaked for the year and is expected to taper off going into the year end.�

Inflation rate last month was higher than the 6.4 percent in the previous month and brought the year-to-date average to 5 percent.

See full article at Philippine News Agency