According to a survey of six economists, the median forecast suggests that the Philippines' consumer inflation in December may slightly decrease to 1.45% year-over-year, down from 1.5% in November. The HSBC Global Economics team highlights that this slowdown in overall inflation is likely influenced by base effects.
The Philippine central bank anticipates that December's inflation will fall within the range of 1.2% to 2.0%. However, they caution that persistent adverse weather conditions, strong holiday demand, and rising prices of liquefied petroleum gas and gasoline could exert pressure on key food categories, potentially driving inflation upward. The official data is scheduled for release soon.
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