nflation will average 2.8 percent this year, coming from 3 percent in the first quarter, First Metro Investment Corp. (FMIC) and University of Asia & the Pacific (UA&P), reported on Wednesday.
"Inflation is likely to continue at 3 percent or lower for most of
2013, with food supply remaining abundant, while crude oil prices are
held down by rising US oil and gas output from shale, and from Canadian
tar sands," FMIC and UA&P noted in the latest edition of “The Market
Call.”
"Due to base year effects, first quarter
may see inflation average at 3 percent, but the trend would be downward
in subsequent quarters. We expect full-year inflation to average 2.8
percent," the report added.
Inflation last year settled at 3.2 percent, according to the National Statistics Office. — VS, GMA News
Inflation last year settled at 3.2 percent, according to the National Statistics Office. — VS, GMA News
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