Philippine News Agency
Speaker: PBBM measures paying off after inflation hits 5-year low
House Speaker Martin Romualdez hailed the March inflation rate dropping to 1.8 percent, its lowest in nearly five years, as a positive development for Filipinos.
He stated that President Ferdinand R. Marcos Jr.'s administration's economic interventions, such as reducing rice import tariffs and setting maximum retail prices for food items, are proving effective.
Romualdez emphasized that lower inflation eases the financial burden on citizens.
The Philippine Statistics Authority reported that the decrease in inflation was mainly due to falling prices of food and non-alcoholic beverages, with rice prices being a significant factor.
The Speaker expressed hope for continued low inflation but cautioned that the rainy season might increase food costs.
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Inflation in the Philippines eased to a six-month low of 1.8% in March 2025, the lowest rate since May 2020.
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Inflation in the Philippines significantly slowed to 1.8% in March 2025, the lowest in nearly five years, driven largely by a decrease in rice prices.
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Analysts anticipate that inflation in the Philippines further slowed in March due to decreasing food prices and reduced transportation expenses.
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The Bangko Sentral ng Pilipinas (BSP) forecasts March inflation to be between 1.7% and 2.5%.
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Former Senator Francis "Kiko" Pangilinan urged the government to tackle the issue of high rice prices, even as the country's inflation rate continues to decline.
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