3.7% March inflation in the Philippines, driven by food prices, with rice inflation at a 15-year high of 24.4%.
3.7% annual inflation in March for the Philippines was driven by increased food prices, with rice inflation reaching a 15-year high of 24.4%. The overall average inflation for the first quarter remains within the government's 2-4% target range at 3.3%. The government will work on securing food and energy supplies amid ongoing El Niño conditions and potential La Niña threats in the latter half of the year.
April 04, 2024
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