The Bangko Sentral ng Pilipinas (BSP) projects inflation for March 2026 to settle between 3.1% and 3.9%, citing continued upward pressure from global and domestic factors.
According to the central bank, risks to inflation have risen due to significant increases in local petroleum prices, higher rice costs, increased electricity rates in Meralco-serviced areas, and the peso’s depreciation against the US dollar.
“Tinataya ng Bangko Sentral ng Pilipinas (BSP) na aabot sa 3.1% hanggang 3.9% porsyento ang inflation sa Marso 2026,” the BSP stated.
Officials noted that some relief may come from expected declines in vegetable, meat, and fish prices, but emphasized the need for vigilance.
“Maaaring makatulong ang inaasahang pagbaba ng presyo ng gulay, isda, at karne upang bumaba ang inflation, ngunit kailangan pa ring bantayan ang mga pressure na maaaring magpataas sa inflation,” the BSP added.
The central bank assured the public that it will continue monitoring inflation and economic growth data, while keeping a close watch on developments in the Middle East and their potential impact on prices and economic activity.
For context, inflation was at 1.8% in December 2025, rose to 2.0% in January 2026, and further climbed to 2.4% in February 2026, showing a steady upward trend leading into March.