The Philippine Statistics Authority reports inflation continued to slow to 1.8% in March as vegetable, meat, and rice prices subsided.
Full story: https://www.rappler.com/business/inflation-rate-philippines-march-2025/
Full story: https://www.rappler.com/business/inflation-rate-philippines-march-2025/
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00:00The Philippine Statistics Authority reports inflation continued to slow to 1.8% in March
00:06as vegetable, meat, and rice prices subsided.
00:09The country's average inflation rate is now 2.2% in 2025, which is within the government's
00:15target range of 2% to 4%.
00:18Average inflation dropped from 2.9% in January to 2.1% in February and 1.8% in March.
00:26Inflation was 3.7% in March 2024.
00:29Cereals and cereal products record a price drop of negative 5.2% while the increase in
00:35meat prices slowed to 8.2% from 8.8% in February.
00:40Rice prices kept falling, with a deflation rate of negative 7.7% compared to negative
00:464.9% last month.
00:48The Banco Central ng Pilipinas predicts inflation would be between 1.7% and 2.5% due to higher
00:54power rates and rising fish and meat prices.
00:57National Statistician Undersecretary Dennis Mapa says the slowdown was due to food and
01:02non-alcoholic beverages from 2.6% in February to 2.2% in March.
01:08The National Economic and Development Authority says the 1.8% inflation rate in March 2025
01:13is the lowest since May 2020 during the pandemic.