Live Updates > Live Update Details
2026-04-06 10:51:04
[Philippines Inflation Expected to Accelerate to 3.8% in March, Driven by Oil and Rice Prices] (1) According to the median estimate of a survey of nine economists by The Wall Street Journal, the Philippine consumer inflation rate in March is likely to rise to 3.8% year-on-year from 2.4%. (2) The Philippine central bank expects the inflation rate in March to be between 3.1% and 3.9%, mainly driven by a sharp rise in domestic oil prices and higher rice prices. (3) Kausani Basak of ANZ Research pointed out that the Philippines is heavily reliant on Middle Eastern energy supplies, and persistently high oil prices may change inflation expectations; CPI data will be released on Tuesday.
