Inflation accelerated to 4.1 percent in March, the highest in nearly two years, driven by rising transport and food costs, the Philippine Statistics Authority said.
The increase was largely attributed to higher fuel prices, with transport inflation reaching 9.9 percent and fuel products posting double-digit increases amid global tensions.
Food prices also contributed to the uptick, with rice inflation reversing its earlier decline and climbing to 3.6 percent, alongside increases in other key commodities.
Officials warned that inflation could rise further in April as fuel price pressures continue to build.
The government said it is prepared to roll out targeted interventions, including subsidies and tax measures, to help cushion the impact on consumers.
