Inflation slows to 7.6% in March

Apr 06, 2023 12:25 am

(UPDATE) INFLATION decelerated to 7.6 percent in March as food and transport prices fell, the Philippine Statistics Authority (PSA) reported on Wednesday.

The result — the lowest since September last year — followed an easing in February to 8.6 percent from January's 14-year high of 8.7 percent.

Market vendors attend to their vegerables sold at Balintawak market in Quezon city. President Ferdinand Marcos Jr. had approved a National Economic and Development Authority (NEDA) and the Department of Finance (DoF) recommendation to create the Interagency Committee on Inflation and Market Outlook.(PHOTO BY: MIKE DE JUAN)

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