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PRESSURES. Former Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo (in photo) forecasts the average domestic inflation for this year to be around 5.5 percent and the 2023 level at 4.5 percent. He said uncertainties on developments around the globe are causing upticks in prices of commodities and have resulted in second-round effects in the country. (Photo from BSP) MANILA - A former central banker on Friday projected the domestic inflation rate for this and next year to reach 5.5 percent and 4.5 percent, respectively, citing volatilities in oil prices, among others. At a forum streamed through the Facebook page of the Foundation for Economic Freedom (FEF), former Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said uncertainties on developments around the globe are causing upticks in prices of commodities and have resulted in second-round effects in the country. "I think it (average inflation) can even be more than the 5 percent average for 2022 and th

Bangko sentralDiwa guinigundoFoundation for economic freedomFederal reserveEconomic freedomPilipinas deputy governor diwa guinigundoMonetary boardPressures former bangko sentral ng pilipinas bsp deputy governor diwa guinigundo in photo forecasts the average domestic inflation for this year to be around 5 percent and 2023 level at 4 he said uncertainties on developments globe are causing upticks prices of commodities have resulted second round effects country from manilaa central banker friday projected rate next reachIting volatilities in oil pricesMong others ata forum streamed through the facebook page of foundation for economic freedom fefOrmer bangko sentral ng pilipinas deputy governor diwa guinigundo said uncertainties on developments around the globe are causing upticks in prices of commodities and have resulted second round effects country quoti think it average inflation can even be more than 5 percent for 2022 4 2 2023 could reach probably maybe four anda halfUot he said referring to the inflation projections of central bank until next year as first six months thisHe average rate of price increases stood at 4 percentIgher than the government 39s 2 4 percent target band until 2023 monthly inflation rate surpassed range last april when it accelerated to 9 from previous month posted higher levels in next two months 5 and 6 1Espectively all these upticks were traced to the continued rise of prices oil and other commodities in international marketUe in part to concerns about the ukraine russia war and possible economic recession us help tame domestic inflation rate