Not bad news for the economy, but a caution

By The Editorial Board

Mar 09, 2024 12:12 am

AS expected, inflation for February increased from the previous month to hit 3.4 percent, according to the Philippine Statistical Authority earlier this week, with the rise attributed mainly to higher food prices. Although higher than the comfortable 2.8-percent inflation rate in January, February's rate was on its own not cause for serious concern; 3.4 percent is safely within the Bangko Sentral ng Pilipinas' 2- to 4-percent target range, and less than half the inflation rate during the same month last year.

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