Philippines inflation hits 26-month high

Philippine inflation reached a 26-month high of 4.7% in February due to rising food costs, particularly pork.

The government is implementing measures such as Executive Order No. 124, which imposes price ceilings on selected meat products and procures hogs from ASF-free areas for transport to Metro Manila markets.

Despite these efforts, economists have advised against the price ceiling policy, suggesting it exacerbates supply issues.

Malacañang assured that these measures are temporary and aimed at easing inflation through immediate interventions.