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PHILIPPINES' INFLATION RATE FORECAST TO RISE TO 6.4-7% IN 2005.
Publication: AsiaPulse News Publication Date: 29-OCT-04 |
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COPYRIGHT 2004 Asia Pulse Pty Ltd
MANILA, Oct 29 Asia Pulse - The country's inflation rate is expected to pick up steadily in the near-term reaching by an average of 6.4 to 7 per cent in 2005 as against 4 to 5 per cent target for the year.
This projection was made today by Bangko Sentral ng Pilipinas (BSP) Assistant Governor Diwa C. Guinigundo in the light of the 6.4 percent average inflation rate in the third quarter of 2004 using 1994 prices compared to only 4.6 per cent in the...
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