The Bangko Sentral ng Pilipinas (BSP) said inflation may have picked up in September, projecting consumer price hike to average between 1.5 and 2.3 percent, as higher rice, fish, and fuel costs added pressure.
The forecast comes after August inflation stood at 1.5 percent, which settled below the 2 percent to 4 percent target band of the inflation-targeting central bank.
The central bank said it would stay alert to both domestic and global developments, underscoring its data-dependent stance on monetary policy. /dda