Photographer: Johannes Eisele/AFP via Getty Images

September 2024 Inflation Dips to 4-Year Low at 1.9 Percent


October 9, 2024
Updated on October 9, 2024
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The Philippines’ inflation rate settled at 1.9 percent as of September 2024, the lowest inflation figure recorded since May 2020, attributed largely to cheaper food and fuel prices. Economic analysts argue that stabilizing inflation may prompt the Bangko Sentral ng Pilipinas (BSP) to further reduce its policy rates. Nonetheless, further rate cuts will likely be conservative, especially as external factors threaten current inflation trends.

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