Food prices, except meat, slow inflation in March

Ramon Royandoyan (Philstar.com) – April 6, 2021 – 10:31am MANILA, Philippines — Inflation unexpectedly slowed in March from a month ago helped by a broad slowdown in food prices that nevertheless did not include meat costs driving prices to new highs this year. The result was a more cautious tone from the Bangko Sentral ng Pilipinas (BSP) which responded to the 4.5% year-on-year print, down from February’s 4.7%, by saying the trend still points to inflation falling above its 2-4% target for the year. For the first quarter, headline inflation settled at 4.5%. “The Monetary Board is of the view …

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