Plus   Neg

Philippines Inflation Slows In March

The Philippines' inflation eased in March, data from the Philippine Statistics Authority showed on Tuesday.

The consumer price index rose 4.5 percent annually in March, after a 4.7 percent increase in February. Economists had expected a 4.8 percent rise.

The slowdown in inflation was mainly due to the lower increment in the heavily-weighted food and non-alcoholic beverages by 5.8 percent.

Prices for alcoholic beverages and tobacco grew 12.1 percent and those of furnishing, household equipment and routine maintenance rose 1.9 percent.

Prices for communication and restaurant, and miscellaneous goods and services gained 0.2 percent and 3.1 percent, respectively.

Core inflation, which excludes prices of selected food and energy items, remained unchanged at 3.5 percent in March.

On a monthly basis, consumer prices remained unchanged in March, after a 0.2 percent increase in the prior month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT