Official inflation data shapes household price outlook: BSP

MANILA, Philippines – Official inflation data shapes Filipino households’ price expectations, especially during periods of persistently high inflation, a Bangko Sentral ng Pilipinas (BSP) study found. The findings suggest that credible inflation statistics help keep long-term expectations in check by preventing temporary price spikes from turning into entrenched inflation fears. READ: PH 2026 inflation forecast cut to 5.1% BSP researchers Faith Christian Cacnio and Cymon Kayle Lubangco analyzed responses from the central bank’s Consumer Expectations Survey in their paper, State-Dependent Updating of Household Inflation Expectations. The survey measures households’ inflation expectations before and after they see the latest official inflation rate.  […]...

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