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DBCC says prices of goods and services ‘relatively stable’
Inflation rate is expected to settle at 2.4% this year, indicating relatively stable prices of goods and services for Filipino consumers, according to the Duterte administration’s inter-agency Development Budget Coordination Committee (DBCC).
Inflation is also seen averaging 2.0% and 4.0% in 2020 to 2022.
“The assumption for goods export growth is revised downward in the short term to 1.0% for 2019 and 4.0% in 2020 due to continuing unresolved trade tensions,” the DBCC said.
“However, the assumptions for 2021 and 2022 are retained at 6.0% as global economic activity is expected to recover in the medium-term,” it said. —Ted Cordero/VDS, GMA News
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