Print Edition - 2017-04-06  |  Money Digest

Inflation rate in Philippines rises to 3.4pc in March

- Xinhua, MANILA

Apr 6, 2017-

Philippines’ inflation rate rose to 3.4 percent in March from 3.3 percent in February due to higher prices of electricity and gas and other fuels, the government said on Wednesday. “The first three months of 2017 saw the inflation rate trending upward, partly due to recent hikes in food and oil prices and also because of a generally low base in 2016,” the Philippine Statistics Authority (PSA) said in a statement. The PSA said inflation in March was the fastest since November 2014 but it was still within government target for the year. “Upward risks to inflation remain, but the overall outlook continues to be within government’s 2.0-4.0 percent target range for this year and next,” said Ernesto.

Published: 06-04-2017 09:50

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment