Slow inflation doesn’t show strong peso impact yet–BSP

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Slow inflation doesn’t show strong peso impact yet–BSP - Business Mirror

Quick Summary:

MILAN, Italy—Despite the easing of inflation for the second consecutive month in April—when the rate again fell below 2 percent—the government said this does not yet reflect the impact of a strong peso and is not indicative of weak demand.

Balisacan said even if inflation has been below 2 percent in March and April, this is not a cause for concern.

It is helping, but probably it will be a few more weeks or a few more months before we feel the full impact of the appreciation of the peso,” Abenoja told reporters.