INFLATION markedly slowed last month on account of lower food prices as well as utility and transport costs, the Philippine Statistics Authority (PSA) reported on Wednesday. Consumer price growth decelerated to 2.1 percent from January's 2.9 percent, lower than the Bangko Sentral ng Pilipinas' (BSP) 2.2- to 3.0-percent estimate and the 2.6-percent median in a Manila Times poll of economists. It was the slowest since September's 1.9 percent, when the rate slipped below the central bank's 2.0- to 4.0-percent target. "The downtrend in the overall inflation in February 2025 was primarily brought about by the slower annual increment of food and nonalcoholic beverages at 2.6 percent in February 2025 from 3.8 percent in the previous month," the PSA said. https://www.manilatimes.net/2025/03/06/business/top-business/inflation-lower-than-expected/2067914 (ICE SINGAPORE)

Fonte notizia: The Manila Times, 6 March 2025