February inflation likely exceeded 3%, an over 2-year high — Tetangco

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“The BSP forecast suggests that February inflation could settle within the 3.1-3.9 percent range. The increase in domestic petroleum prices, jeepney and taxi fares, and electricity rates of Meralco-serviced areas could exert upside pressures to inflation during the month,” Tetangco said in a text message to reporters.

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