IMF sees Philippine inflation to remain above 4% until 2019

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A woman looks at promo items at a Puregold grocery mart in Libertad, Pasay, in this file photo taken on August 23, 2013. -- BW FILE PHOTO

The International Monetary Fund (IMF) expects Philippine inflation to remain elevated until 2019, and is even expecting price increases to overshoot the central bank’s target this year.

Inflation is seen to hit 4.2% this year using 2012 prices, IMF country representative Yongzheng Yang said via e-mail. If realized, this will log higher than the 2-4% target band set by the Bangko Sentral ng Pilipinas (BSP). — Melissa Luz T. Lopez