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Philippine inflation rate slows to 7.6 pct in March

april 05, 2023by Reacties uitgeschakeld voor Philippine inflation rate slows to 7.6 pct in March

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MANILA, April 5 (Xinhua) — Year-on-year inflation in the Philippines slowed further to 7.6 percent in March from 8.6 percent in February due to the reduction of food and transportation costs, the Philippine Statistics Authority (PSA) said on Wednesday.

PSA data showed the inflation rate in March 2022 was lower at 4 percent. The average inflation rate for the first quarter of this year stood at 8.3 percent.

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