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April 07, 2015 - Philippine Inflation Slows
Inflation Slows Down to 2.4 Percent in March by The Philippine Central Bank
Headline inflation eased slightly to 2.4 percent year-on-year in March from 2.5 percent in February. The March inflation reading was within the BSP’s range forecast of 2.1-2.9 percent for the month. The resulting year-to-date average inflation rate of 2.4 percent was also within the Government’s inflation range target of 3.0 percent ± 1.0 percentage point for 2015. Meanwhile, core inflation—which excludes certain volatile food and energy items to better capture underlying price pressures—rose slightly to 2.7 percent in March from 2.5 percent in the previous month. On a month-on-month seasonally-adjusted basis, inflation was steady at 0.1 percent in March.
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