Inflation finally slowed in February, the Philippine Statistics Authority (PSA) reported on Tuesday, easing to 8.
6 percent from January's 14-year high of 8.7 percent and providing some breathing room in the fight against rising prices.Still, monetary policy adjustments and other measures remain on the table as core inflation, which strips out volatile food and energy items, rose to 7.8 percent from 7.4 percent a month earlier.A year earlier, inflation was just 3.0 percent and began accelerating in March due to the impact of Russia's invasion of Ukraine. Core inflation was also much lower at 1.
The Bangko Sentral ng Pilipinas, meanwhile, said that it remained 'prepared to adjust its monetary policy settings a necessary to prevent inflation expectations from becoming disanchored and safeguard the inflation target over the policy horizon'.'The BSP also continues to call for the timely and effective implementation of non-monetary government measures to mitigate the impact of persistent supply-side pressures on inflation,' it added.
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