The Consumer Price Index (CPI) in the Philippines experienced a decrease in March 2024 compared to the previous month. According to the latest data released on April 5, 2024, the CPI for March 2024 stood at 0.1%, down from 0.6% in February 2024.
The CPI is an important indicator of inflation and reflects the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. In this case, the decrease in the CPI indicates that prices rose at a slower rate in March compared to February in the Philippines.
The month-over-month comparison reveals a downward trend in inflationary pressures in the country. Economists will closely monitor future CPI data to assess the overall economic conditions and the impact on consumers in the Philippines.
