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The phrase "the current period" is grammatically correct and can be used in written English.
It refers to the present or current time frame. Example: "The company's financial reports show a significant increase in profit for the current period compared to the previous year."
Exact(60)
The current period is critical.
What makes the current period different, though, is the pace.
This made profit jump in the current period because less depreciation was charged in the current period.
REFLECTIONS on the current period in U.S. history.
Autodesk raised its sales and profit forecasts for the current period.
"Keeping the current period in context is instructive," he said in a speech in Omaha.
The New Yorker, January 4 , 1969P. 38 REFLECTIONS on the current period in U.S. history.
UBS, the investment bank, recently described the current period as "the golden era of profitability".
The current period in dance will be remembered as one of forthright protest, even wrath.
The new funding ceiling would apply to the current period, running into June.
The current period will pro vide an important test of this hypothesis.
More suggestions(18)
the current length
the prevailing period
the recent period
the current age
the current stage
the actual period
the ongoing period
the current completion
the current trimester
the current duration
the current half
the contemporary period
the current item
the current timeframe
the current year
the current term
the current timing
the current expiration
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com