BSP chief sees November inflation at 5%-5.5%

November inflation is expected to come in at between 5% and 5.5% due to a weaker peso, the Bangko Sentral Philippines yesterday said.

"Apart from the weaker peso, several factors will also contribute to the increase in the inflation rate," Bangko Sentral governor Rafael B. Buenaventura told reporters. Last month, the government said local prices rose by 4.9%, bringing the 10-month inflation rate average to 3.9%. An inflation rate of 5.5% for this month will bring the average inflation rate to