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Inflation watch 2021
Inflation unexpectedly eases to 4.5% in March 2021 from 4.7% in February due to slower increases in prices of vegetables, fish and fruits. — Prinz Magtulis
Headline inflation climbs to 4.7% in February, the highest inflation recorded since January 2019, the Philippine Statistics Authority says.
"The main reason for the rise in inflation in the month of February 2021 is the faster increase in the price of Food and Non-Alcoholic Beverages," PSA says.
Ang headline inflation o ang pagtaas ng presyo ng mga produkto at serbisyo sa bansa ay umakyat sa antas na 4.7 percent nitong buwan ng Pebrero 2021. Ito ang pinakamataas na inflation na naitala simula noong Enero 2019. #PHCPI #Inflation @mapa_dennis
— PSAgovPH (@PSAgovph) March 5, 2021
The Philippine Statistics Authority reports that for all of 2020, inflation averaged 2.6% year-on-year largely as a result of slower price upticks during lockdowns in the early months.
That average was in the low end of Bangko Sentral's 2-4% target for the year. — Philstar.com/Prinz Magtulis
Get the latest news on inflation and consumer prices in the Philippines here. Main photo by The STAR/Boy Santos.
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