President Ferdinand “Bongbong” Marcos Jr. (INQUIRER.net FILE PHOTO)
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has vowed to sustain his administration’s initiatives to further boost the nation’s economy and uplift the quality of life of Filipinos as inflation rate in March eased to 7.6% from 8.6% in February.
“Unti-unti nang umiigi ang inflation rate sa bansa sa pagbaba nito sa 7.6% para sa buwan ng Marso mula sa 8.6% noong Pebrero,” he said in a Twitter post Wednesday night.
(Inflation rate is slowly easing in the country as it dipped to 7.6% in March from the 8.6% in February.)
“Patuloy lamang ang mga inisyatibo ng pamahalaan para sa pagbangon ng ating ekonomiya at nang kalidad ng buhay ng bawat pamilyang Pilipino,” Marcos added.
(The government will continue its initiatives in reviving the economy and uplifting the lives of every Filipino.)
Unti-unti nang umiigi ang inflation rate sa bansa sa pagbaba nito sa 7.6% para sa buwan ng Marso mula sa 8.6% noong Pebrero.
Patuloy lamang ang mga inisyatibo ng pamahalaan para sa pagbangon ng ating ekonomiya at nang kalidad ng buhay ng bawat pamilyang Pilipino. pic.twitter.com/V8JMa6KOEN
— Bongbong Marcos (@bongbongmarcos) April 5, 2023
National Statistician Dennis Mapa earlier said the slowing of inflation in March was mainly due to slower price increases in the food and non-alcoholic beverages group of commodities as well as in transportation and housing, utilities and fuel.
The core inflation, however, which excludes items that are considered volatile like food and energy, rose again to 8% in March from 7.8% in February.