A vegetable seller tends to a client at Paco Market. (ALI VICOY / MANILA BULLETIN FILE PHOTO)
A vegetable seller tends to a client at Paco Market. A vegetable seller tends to a client at Paco Market. A vegetable seller tends to a client at Paco Market. A vegetable seller tends to a client at Paco Market. (ALI VICOY / MANILA BULLETIN FILE PHOTO)

After five months of acceleration, the rate of increase in consumer prices slowed down in March due to lower cost of food items, the Philippine Statistics Authority (PSA) reported today, April 6.

The country’s headline inflation eased to 4.5 percent in March from 4.7 percent in February.

PSA said the slower uptick in the price of goods and services was due to milder food inflation that settled at 5.8 percent from 6.7 percent inflation in February.

Annual increases also decelerated in the indices of the following commodity groups:

-Alcoholic beverages and tobacco, 12.1 percent,
-Furnishing, household equipment and routine maintenance of the house, 1.9 percent,
-Communication, 0.2 percent; and
-Restaurant and miscellaneous goods and services, 3.1 percent.

The March inflation rate brought the country’s three-month average to 4.5 percent.


Source: Manila Bulletin (https://mb.com.ph/2021/04/06/inflation-eases-at-4-5-in-march/?utm_source=rss&utm_medium=rss&utm_campaign=inflation-eases-at-4-5-in-march)