2012 Philippine Inflation Rate

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By: Michelle V. Remo
Philippine Daily Inquirer

The Bangko Sentral ng Pilipinas expects inflation to average below 4 percent in 2012, saying the benign increase in consumer prices should help encourage higher spending by individuals and enterprises.

In an ambush interview with reporters, BSP Governor Amando Tetangco Jr. said moderate inflation expected in 2012 would help boost domestic growth, particularly through the spending channel, and thus mitigate the ill-effects of the continuing debt and economic problems in the eurozone on the Philippines.

“Inflation has started to trend down, and the expectation for this year is that it will be below the midpoint of the target range,” Tetangco said.