Economic forecasts indicate that inflation in the Philippines may rise to approximately 8% as the peso weakens toward P63 per US dollar, with price pressures expected to peak before gradually easing and stabilizing in the medium term, while the peso depreciation is projected to continue toward around 55 by the end of 2028.
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Felipe: Inflation may hit 8% as peso weakens toward P63:$1Added:
President himself already mentioned stagflationary risks about 24 hours ago.
How much more worried are you given that we're we're seeing a sustained depreciation of the peso?
Well, our forecast in this report show that uh probably prices are going to continue increasing until approximately August of this this year, uh which is also what in concomitant with the peso depreciation of about 63. Inflation will go We forecast with the information that we have today up to about 8% and then it will start easing uh in the second part of the year and in 2028 and then it will go back to the the band of the of the Central Bank, the same as the peso depreciation, which we think again with the information that we have today and in our models that even could may go back to around 55 towards the end of 2028.
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