Philippine inflation rate reached 3.7% in March, rising for second consecutive month. Data show that compared with February, Philippine inflation increased by 0.3 percentage points.
Food and non-alcoholic beverage prices increased year-on-year to 5.6%. El Niño phenomenon currently experienced by the Philippines and the La Niña phenomenon that may occur in the second half of the year will put pressure on the country’s food and energy prices. The government is taking steps to secure food andEnergy supplies and prepare for possible price fluctuations.