PH inflation inches down to 8.6% in February 2023 but Metro Manila rate up

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The Philippines’ inflation rate slightly eased to 8.6% in February, but in Metro Manila alone, prices accelerated at a faster pace during the month.

MANILA, Philippines –

The latest national figure reported by the Philippine Statistics Authority on Tuesday, March 7, is marginally lower than theThe National Capital Region differed from the national trend, posting a slightly higher inflation rate of 8.7% last February from 8.6% in January.The Philippines’ inflation rate is the highest so far in Southeast Asia for February. Its neighbors Indonesia and Vietnam saw much lower February figures of 5.5% and 4.3%, respectively.

 

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