Inflation slows down in March
Posted at 04/05/2013 11:58 AM | Updated as of 04/05/2013 11:59 AM
MANILA — The country’s inflation rate slowed to 3.2 percent in March, below market forecasts.
It’s also lower than the 3.4 percent recorded in February as oil, food and utility costs declined.
Analysts noted the March inflation is within the Bangko Sentral ng Pilipinas’ forecast range of 2.8-3.7 percent, reinforcing beliefs the central bank will leave interest rates unchanged at a record low of 3.5 percent at its next meeting on April 25.
Mornings@ANC, April 5, 2013