0642 GMT - Bangko Sentral ng Pilipinas expects inflation in the Philippines to have stayed elevated in August. Price increases were likely driven by higher rice, vegetable, fruit and fish prices amid unfavorable weather conditions and rising domestic fuel costs, BSP says in a statement. Still, inflation is likely to be offset by lower prices for meat and electricity rates, as well as a stronger peso. BSP says it will continue to assess the impact of developments in the Middle East and recent weather disturbances on the Philippines' inflation and economic outlook. The central bank projects inflation to settle at 5.5%-6.5% for August, compared with July's 6.2%.