PH posts 1.4 percent inflation in April, lowest since November 2019

Metro Manila, Philippines - The country’s inflation rate further fell to 1.4 percent in April as price pressures from food and transport eased, the Philippine Statistics Authority reported.

April’s inflation print was the lowest since the 1.2 percent posted in November 2019, according to PSA data released on Tuesday, April 6.

The number pushed the average rate of price increases to 2 percent, which was the lower band of the government’s target of 2 percent to 4 percent.

National Statistician Dennis Mapa noted the “big contribution” of easing rice prices in the slow down in last month’s inflation rate, but pork prices emerged as the top contributor in the figure.

The Department of Agriculture has implemented a maximum suggested retail price for pork in a bid to lower costs, but it has seen a low compliance rate.

This story will be updated.