Economy 3 MIN READ
March 2023 inflation: Clearly on a downward path
The March 2023 inflation print confirms our earlier outlook that inflation had already peaked in January 2023 and is on a downward trajectory from hereon, in the absence of supply and price shocks.
The inflation print for March 2023 came out at 7.6%, well within the Bangko Sentral ng Pilipinas’ (BSP) forecast of 7.4% to 8.2% and lower than the BusinessWorld’s poll median forecast of 8.1%.
Check out our latest inflation report and outlook for further details.