Manila, March 21 -- Inflation is likely to further decelerate to below 2 percent this month as better weather conditions helped increase agricultural production, an economist said.

In a Viber message to the Philippine News Agency on Friday, Rizal Commercial Banking Corporation chief economist Michael Ricafort said inflation is projected to further ease to 1.9 percent in March from 2.1 percent in February.

Ricafort's forecast falls below the lower end of the Bangko Sentral ng Pilipinas' (BSP) 2 to 4 percent target range.

"Better weather conditions in most of the country so far in March 2025, especially in northern Philippines, with some rains due to La Nina that is expected to last until 1Q (first quarter) 2025, could somewhat help incr...