The National Government’s fiscal position improved in February, with the budget deficit slightly narrowing to P171.2 billion from P171.4 billion a year ago, as a sharp rise in revenues helped offset faster spending growth.
Headline inflation in the Philippines accelerated to 4.1 percent in March, the fastest pace since July 2024 when inflation hit 4.4 percent, driven by higher food prices and surging fuel costs, according to data released Tuesday by the Philippine Statistics Authority.
The Philippines’ agricultural trade in February 2026 posted modest growth, but persistent import dependence kept the sector firmly in deficit, highlighting ongoing structural challenges in domestic food production.
Inflation in the Philippines likely increased in March, driven mainly by rising global energy prices linked to tensions in the Middle East, according to Moody’s Analytics.