MANILA, Feb 26: The Philippine central bank said on Tuesday it expects the annual inflation rate in February to be between 2.8 percent and 3.7 percent, with the forecast factoring in lower electricity rates and food prices.
But higher oil prices in the month could also affect the inflation rate, central bank Governor Amando Tetangco said in a mobile phone message to reporters. He said inflation pressures remained well-managed and price expectations well anchored.
Annual inflation in January was 3.0 percent, a three-month high.
(AGENCIES)
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