Inflation slowed to 2.1 percent in February from 2.9 percent in January on the back of easing price pressures from food, utilities and transportation, the Philippine Statistics Authority reported.
The latest reading was better than the median estimate of 2.6 percent in an Inquirer poll of economists last week. It was likewise lower than the 2.2 percent to 3 percent forecast range of the Bangko Sentral ng Pilipinas (BSP).
That price hikes had stayed within the 2 to 4 percent official target means the BSP has enough room to continue with its gradual easing cycle, which would help support economic growth.
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