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Inflation dynamics during a pandemic

Inflation dynamics during a pandemic
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Inflation to quicken in 2021, stabilize in 2022

endIndex: Metro Manila (CNN Philippines, January 21)  Economists expect inflation to pick up in 2021 from 2020 s full-year average and get steady in 2022, a survey conducted by the Bangko Sentral ng Pilipinas revealed. Analysts expect inflation to remain benign in the near term, with risks to the inflation outlook tilted to the upside as the economy gradually reopens, read the BSP s latest quarterly inflation report. 24 firms took part in the recent survey, with their forecasts for 2021 averaging 2.9%. This is quicker than the mean forecast of 2.8% featured in the previous report. The same set of economists logged an average of 3% in their inflation forecasts, similar to the mean forecast they yielded in the report prior.

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