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MBC expects stable inflation rate in September
October 3, 2003 - The country's inflation rate is expected at 2.8%-3.2% in September from 3.0% in August. The forecast considers the impact of the previous month's foreign exchange depreciation on utility charges, the increase in water rates in areas covered by the Manila Water Company, and the P0.30 per liter cut in domestic fuel pump prices.

In the first eight months, inflation averaged 3.0% compared to 3.3% a year ago.

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