@Nathan6692 6 April 2021 more from that month

Food prices, except meat, slow inflation in March MANILA, Philippines — Inflation unexpectedly slowed in March from a month ago helped by a broad slowdown in food prices that nevertheless did not include meat costs driving prices to new highs this year. The result was a more cautious tone from the Bangko Sentral ng Pilipinas (BSP) which responded to the 4.5% year-on-year print, down from February’s 4.7%, by saying the trend still points to inflation falling above its 2-4% target for the year. For the first quarter, headline inflation settled at 4.5%. “The Monetary Board is of the view that prevailing monetary policy settings remain appropriate to support the Government’s broader efforts to facilitate the recovery of the economy,” BSP Governor Benjamin Diokno said in a Viber message to reporters.