Feb inflation seen staying at over 2-year high - poll

Posted at 03/04/14 9:54 AM

MANILA - Philippine annual inflation likely quickened for the sixth straight month in February, reflecting higher rice and fuel costs, but the expected outcome would still be within the central bank's comfort range, a Reuters poll showed.

The median forecast in a survey of 11 economists showed that the consumer price index likely rose 4.3 percent from a year earlier, the highest since November 2011, but within the central bank's 3-5 percent target for 2014.

Bangko Sentral ng Pilipinas Governor Amando Tetangco said on Friday the central bank has leeway to address emerging risks with inflation expected to stay manageable, although policy space was narrowing.

The central bank gave a 3.8-4.6 percent estimate for February inflation.

Inflation data will be out on March 5 (Wednesday).