Inflation, or the rate of increase in the prices of goods and services, will likely fall below the government’s target band in the first quarter of 2024, Finance Secretary Benjamin Diokno said Wednesday.
for 2023 to 5% to 6% from its previous outlook of 5% to 7% announced in April.
It was the fourth time that inflation dipped from a peak of 8.7% in January and the lowest since July 2022’s 6.4%.
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