The Bangko Sentral ng Pilipinas (BSP) projects inflation for May 2025 to fall between 0.9 percent and 1.7 percent — potentially the lowest rate since October 2019’s 0.6 percent.
“Easing prices of rice and fish due to favorable domestic supply conditions in conjunction with lower oil prices, electricity rates, and the peso appreciation contributed to the downward price pressures for the month,” the BSP said.
Despite this, the central bank noted that higher costs of vegetables and meat may partly offset the decline.
The BSP emphasized that it will continue a cautious and strategic approach to adjusting monetary policy to ensure stable prices while supporting economic and employment growth.
Inflation stood at 1.4 percent in April 2025, the lowest recorded since November 2019. Final May inflation figures will be released by the Philippine Statistics Authority on June 5.
