Inflation accelerated to 4.1 percent in March, the highest in nearly two years, driven by rising transport and food costs, the Philippine Statistics Authority said. The increase was largely attributed to higher fuel prices, with transport inflation reaching 9.9 percent and fuel products posting double-digit increases amid global tensions. Food prices also contributed to the overall inflation.
Philippines Inflation Hits Two-Year High
Inflation in the Philippines rose to 4.1% in March, the highest in nearly two years, driven by fuel and food price increases.
