Bank analyst sees lower October inflation despite fuel price hikes

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Bank analyst sees lower October inflation despite fuel price hikes
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A worker fills the tank of a vehicle at a petrol station in Cairo on March 2, 2023 as Egypt’s government announced a new increase in fuel prices. AFP

“My inflation estimate for the month of October 2023 5.6 percent year-on-year,” Rizal Commercial Banking Corp. chief economist Michael Ricafort said in a Viber message. Ricafort said the relatively better weather condition in October compared to late July to September could have helped stabilize prices of vegetables and other agricultural products.

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