INFLATION could have fallen to a near five-year low in March, the Bangko Sentral ng Pilipinas (BSP) said on Monday, following lower prices of key food items, particularly rice, as well as a stronger peso.

Ahead of the Philippine Statistics Authority's release of data for the month this Friday, the BSP said that consumer price growth would likely be in the 1.7- to 2.5-percent range — an even spread from February's 2.1-percent result.

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