THE Bangko Sentral ng Pilipinas BSP projects March 2024 inflation to settle within 3.4 to 4.2 percent.
Continued price increases of rice and meat along with higher domestic oil prices and electricity rates are the primary sources of upward price pressures for the month.
Meanwhile, lower prices of fruits, vegetables, and fish along with the peso appreciation could contribute to downward price pressures.
Going forward, the BSP will continue to monitor developments affecting the outlook for inflation and growth in line with its data-dependent approach to monetary policy decision-making.
