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04

Philippines Signals Price Rebound Risk From CPI at 17-Year Low

By Tony Seruga

Philippine central bank Governor Amando Tetangco. Photographer: Ian Waldie/Bloomberg

Philippine central bank Governor Amando Tetangco said policy makers are watching inflationary impact of oil prices and El Nino, even with consumer prices at a 1998-low.

Oil price movements “have knock-on effects on domestic pump prices, transport and other utilities, and consumption in general,” Tetangco said in a mobile-phone text message Friday. Officials are also looking at the “impact of a possibly prolonged El Nino on the food supply chain.”…

Philippines Signals Price Rebound Risk From CPI at 17-Year Low

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