BSP sees March inflation rate at 1.7% to 2.5%

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People wearing face masks as protection against the coronavirus disease (COVID-19) shop at a market, in Manila, Philippines, January 16, 2021. (Reuters/Lisa Marie David)

MANILA — Philippine annual inflation was likely to be within a range of in 1.7% to 2.5% in March, the central bank said on Monday, compared with 2.1% in the previous month.

“The Monetary Board will continue to take a measured approach in ensuring price stability,” it said in a statement.

The Philippines’ statistics agency will release inflation data on April 4.

—Reporting by Karen Lema; Editing by John Mair