The Philippine Statistics Authority reported on Tuesday that headline inflation eased to 2.5 percent in March from 2.6 percent in the previous month, but it is significantly lower compared with 3.3 percent in the same month last year.
Last month, world oil prices tumbled after governments implemented their “stay at home” orders to stop the spread of thecoronavirus disease that affected at least 184 countries including the Philippines. In Metro Manila, inflation decelerated further to 1.7 percent from 2.0 percent in February and 3.2 percent in year ago.
Slower price increases were also seen in health at 2.1 percent, recreation and culture at 0.8 percent and restaurant and miscellaneous goods and services at 2.0 percent.
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