The BSP Department of Economic Research projects March 2019 inflation to settle within the 3.1 � 3.9 percent range. Higher domestic oil prices and upward adjustment in electricity rates, provide upside price pressures to inflation for the month. These may be partly offset by lower prices of rice and other agricultural commodities due to the arrival of imports. Going forward, the BSP will continue to closely monitor evolving inflation dynamics and ensure that the monetary policy stance remains appropriate to support BSP's price stability objectives.

Source: Bangko Sentral ng Pilipinas (BSP)