March inflation rate rose to 3.7% as rice price hikes hit 15-year high

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8 months ago

MANILA, Philippines — Inflation picked up for the second consecutive month in March, sending policymakers scrambling for a fix as the continued spike in rice prices remained the biggest contributor to the uptick. Inflation, as measured by the consumer price index (CPI), bolted 3.7 percent year-on-year in March, beating the February reading of 3.4 percent,

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march

inflation

price

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