By Katherine K. Chan, Reporter
SHARP OIL PRICE increases driven by supply disruptions from the Middle East war, along with pricier rice, may have pushed Philippine inflation to its fastest pace in nearly two years, analysts said.
A BusinessWorld poll of 18 analysts yielded a median estimate of 3.8% for the consumer price index in March, accelerating from the 2.4% in February and 1.8% a year ago.
This is near the upper end of the Bangko Sentral ng Pilipinas’ (BSP) 3.1%-3.9% forecast for the month.
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