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April inflation seen muted (Stable food price, 'base effect' cited.
Byline: Kathleen A. Martin
INFLATION this month could have stayed at March's two-and-a-half-year low amid stable food prices, a BusinessWorld poll of private sector analysts over the weekend showed.
The poll of eight analysts yielded a median inflation rate estimate of 2.6% for April - the same level recorded in March and well within the 2.1- 3% range the central bank gave last Friday.
The government is scheduled to report April's inflation rate this Friday.
"Food prices have stabilized in recent months, allowing headline inflation to ease significantly," Trinh D. Nguyen, economist of Hongkong and Shanghai Banking Corp., said in an e-mail last …
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