Inflation is forecast to ease in the fourth quarter of 2018 according to analysts. The inflation rate is expected to sustain its average of 6.7% through the fourth quarter and decrease slightly by 0.2% per month. Some analysts believe inflation may have already peaked in the third quarter due to declining oil prices, a stronger peso, and decreasing food and rice costs. One economist noted the October inflation forecast of 6.7% was driven by fuel and rice price increases. Another predicted inflation would ease to average 5.8% in the fourth quarter as monetary policy takes effect and rice prices stabilize. However, two other economists projected a higher rate of 6.9%.
Inflation is forecast to ease in the fourth quarter of 2018 according to analysts. The inflation rate is expected to sustain its average of 6.7% through the fourth quarter and decrease slightly by 0.2% per month. Some analysts believe inflation may have already peaked in the third quarter due to declining oil prices, a stronger peso, and decreasing food and rice costs. One economist noted the October inflation forecast of 6.7% was driven by fuel and rice price increases. Another predicted inflation would ease to average 5.8% in the fourth quarter as monetary policy takes effect and rice prices stabilize. However, two other economists projected a higher rate of 6.9%.
Inflation is forecast to ease in the fourth quarter of 2018 according to analysts. The inflation rate is expected to sustain its average of 6.7% through the fourth quarter and decrease slightly by 0.2% per month. Some analysts believe inflation may have already peaked in the third quarter due to declining oil prices, a stronger peso, and decreasing food and rice costs. One economist noted the October inflation forecast of 6.7% was driven by fuel and rice price increases. Another predicted inflation would ease to average 5.8% in the fourth quarter as monetary policy takes effect and rice prices stabilize. However, two other economists projected a higher rate of 6.9%.
The price of basic commodities are expected to decrease in the remaining
months of 2018 due to the stabilization of the inflation rate. Analysts agreed that the inflation rate, by the eve of the fourth quarter of 2018, sustained the total average of 6.7 percent and would further slow down at a softer 0.2 percent increase per month. They strongly believed that inflation could have possibly peaked already in the third quarter, as seen through the increasing signed of easing inflationary pressures especially lower prices of oil, stronger peso and decline in food and rice prices. Further, market Economist Guian Angeleo Dumalagan’s from Landbank of the Philippines said that the October’s inflation forecast of 6.7 percent year-on-year was driven by faster annual increase in the costs of fuel and rice.
As discussed by Oxford senior economist Beatrice Tanjangco, when the
steady tightening of monetary policy finally filters through and as the issue with higher rice prices is slowly resolved, inflation would ease to an average of 5.8 percent in the fourth quarter.
In contrast, economist Emilio Neri Jr. as well as Moody’s Analytics economist
Katrina Ell both projected a faster rate of 6.9 percent.
INFLATION RATE INAASAHAN ANG PAGBABA SA HULING YUGTO NG TAONG
2018
Inaasahan ang pagbaba ng presyo ng mga pangunahing bilihin dahil sa
patuloy na pagbaba ng inflation rate sa huling yugto ng taong 2018. Ayon sa ulat ng mga analitikong dalubhasa sa ekonomiya, aabot lamang ng 6.7 percent ang naturang rating at unti-unti pa ang pagbaba ng .2 percent kada buwan. Ito ay sanhi ng pagbaba ng presyo ng petrolyo, pagtaas ng halaga ng piso at pagbagsak ng presyo ng mga pangunahing bilihin at bigas.