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Philippines’ March inflation slows to 6.4%

08-Apr-2009 Intellasia | AFP | 7:01 AM

Philippine inflation slowed to 6.4% in March compared to 7.3% in February as prices of food and energy eased, the government said Tuesday.

The consumer price index for March matched that of the year-earlier figure, also at 6.4%, the National Statistics Office said in a statement.

Month-on-month, the slower rate was due to fair weather that reduced prices of fruits, vegetables and fish.

Electricity rates also went down and there were price cuts in liquefied petroleum gas, kerosene, gasoline, as well as a bus fare rollback, it added.

Core inflation, which excludes volatile food and energy items, eased to 5.6% in March compared to 6.3% in March 2008 and 6.4% in February 2009.

 


Category: Philippines

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