Price accords had a temporary effect to slow inflation last month. It's temporary because the causes of inflation are related to strong domestic demand in response to expansive monetary and fiscal policies. Furthermore, the peso weakening and lower unemployment should add more pressure to the price levels.

Bertrand Delgado

Causes Inflation

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My concern is that when the economy begins to slow, as I expect this year, revenue will fall as well, but it will be hard for the government to slow spending.

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