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Archive > Monthly Inflation Forecast
March inflation projected at 3.2%-3.5%
The onset of summer in March might reverse the slowdown in the movement of food prices since September. Combined with the 35 centavo per liter hike in fuel pump prices last March 19 and 20, March inflation may rise to 3.5% from the 2-year low of 3.4% in February. The low end of the March inflation forecast range is placed at 3.2%. This may be explained by the increasing area harvested for rice and corn. Moreover, the stable exchange rate may have a favorable impact on electric bills of household consumers. In March last year, inflation was double at 6.7%, but was almost at the same rate of 3.3% two years ago.
 

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