The Bangko Sentral ng Pilipinas (BSP) said headline inflation is projected to settle within the range of 1.7 percent to 2.5 percent in March this year.
“Upward price pressures for the month emanate from higher electricity rates and higher prices for fish and meat,” the BSP said in a statement on Monday.
It, however, said these are expected to be offset by lower prices of rice, fruits, and vegetables, due to favorable domestic supply conditions as well as the peso appreciation.
“Going forward, the Monetary Board will continue to take a measured approach in ensuring price stability conducive to balanced and sustainable growth of the economy and employment,” the BSP said.
Inflation settled at 2.1 percent in February this year.
The Philippine Statistics Authority will release the March 2025 inflation data on April 4.*PNA
