Philippine consumer prices is seen to climb slightly in 2013 as the inflation rate is expected to average at 3.8 percent, according to the latest report of the state think tank Philippine Institute for Development Studies (PIDS). The PIDS projection is within the 3-percent to 5-percent target of the Bangko Sentral ng Pilipinas for the year. Inflation was moderate throughout 2012, as the average headline inflation rate for the entire year was 3.2 percent and is in the lower band of the government’s 3-percent to 5-percent target range, the PIDS Development Research News (DRN) said.
