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1 MIN READ
Philippine inflation steady at 3.0% y/y in Feb
March 4, 2022
By Reuters
By Reuters
MANILA, March 4 (Reuters) – Philippine annual inflation was at 3.0% for the second straight month in February, as lower food prices offset higher energy costs, the statistics agency said on Friday.
The headline figure came in lower than the 3.2% median forecast in a Reuters poll and was near the low end of the central bank’s projected range of 2.8% to 3.6% for the month.
(Reporting by Neil Jerome Morales, Karen Lema and Enrico Dela Cruz
Editing by Ed Davies)
This article originally appeared on reuters.com