Headline inflation rose to 1.4 percent in June 2025, up slightly from 1.3 percent in May, driven mainly by a faster year-on-year increase in housing, water, electricity, gas, and other fuel costs. In comparison, inflation in June 2024 stood at 3.7 percent.
Philippine headline inflation climbed to 2.5 percent in November 2024 from 2.3 percent in October, bringing the national average to 3.2 percent for January–November 2024.
The Bangko Sentral ng Pilipinas said its Monetary Board will adopt a “calibrated approach” for its interest rate policy despite the government announcing that September inflation had dropped to 1.9 percent — its lowest level since May 2020.