March inflation likely at 1.0-1.3% – analysts

The country’s inflation is expected to rise in March due to the recovery in oil prices and increase in consumption approaching the summer months, but will still be well below the government’s target range of 2 percent to 4 percent, analysts said ahead of the release of official data on Tuesday.

Justino Calaycay, head of marketing and research at A&A Securities Inc., said that the country’s inflation will pick up to 1.1 percent to 1.3 percent in March—from 0.9 percent in February—due to the increase in oil prices and spending in the private sector.