The latest data released on April 5, 2024, reveals that the Core Consumer Price Index (CPI) in the Philippines for the month of March 2024 has dipped to 3.4%. This marks a slight decrease compared to the previous month of February 2024 when the index stood at 3.6%.
The Core CPI, which excludes volatile food and energy prices, is an essential metric for measuring inflationary pressures in an economy. The Year-over-Year comparison indicates that there has been a modest decline in inflation from the same period last year.
While the decrease in the Core CPI may provide some relief in terms of price stability for consumers, economists will continue to monitor the situation closely to assess the overall impact on the Philippine economy. Stay tuned for further updates on economic indicators and trends in the region.
