By Katherine K. Chan, Reporter
FASTER PRICE INCREASES in fuel, electricity and food including rice, drove Philippine inflation past the Bangko Sentral ng Pilipinas’ (BSP) target for the first time in nearly two years, the Philippine Statistics Authority (PSA) reported.
The consumer price index accelerated to 4.1% in March from 2.4% in February and 1.8% in the same month last year.
This was the quickest pace in nearly two years or since the 4.4% in July 2024 and likewise marked the first time since then that the headline print breached the BSP’s 2%-4% target.
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