Inflation & Prices
Philippine Inflation May Stay at a 14-Year High in February
Toys and snacks for sale at stores in Quezon City, the Philippines.
Photographer: Veejay Villafranca/BloombergThis article is for subscribers only.
Philippine inflation may stay at a 14-year high in February, according to the central bank, putting pressure on the monetary authority to sustain its most-aggressive tightening in two decades.
Bangko Sentral ng Pilipinas expects consumer prices to rise anywhere within 8.5% and 9.3% this month from a year ago, it said in a statement Tuesday. That compares with the actual 8.7% level in January, the fastest since November 2008.