Key factors driving this uptrend include rising costs of rice and meat, alongside increased domestic oil prices and electricity rates, reflecting ongoing economic challenges.
Conversely, declines in fruit, vegetable, and fish prices, coupled with the peso's appreciation, are expected to have alleviated some inflationary pressures.
In a statement, the BSP said it was committed to closely monitoring these economic developments, to ensure its monetary policy decisions are data-driven and responsive to the evolving inflation and growth landscape.
