Finance Secretary Ralph Recto assured the public that the government will continue to act decisively to ensure the recent drop in inflation benefits every Filipino household.
“Despite the continued drop in inflation, we will not be complacent. The government will continue taking action — not just to keep it low, but to ensure that it will be felt by every Filipino family,” Recto said.
The Philippine Statistics Authority reported that inflation fell to 1.4 percent in April 2025, the lowest since November 2019. Recto said this gives the Bangko Sentral ng Pilipinas (BSP) more room to cut interest rates, helping boost consumer spending, attract investments, and drive economic growth.
Most regions in the country experienced a further decline in inflation, except for Metro Manila. However, Recto acknowledged continued price pressures from meat, restaurant services, electricity, and rent.
“We have been closely monitoring the situation and are aware of the upward price pressures mainly from meat, restaurant services, electricity, and rentals. In addition to paying attention to external developments, bringing down the prices for these items will be our primary focus moving forward,” he said.
The government is implementing several measures to stabilize prices. These include stricter enforcement of pork price ceilings, increased fish imports, rollout of African swine fever (ASF) vaccines, and a pork distribution program through Food Terminal Inc. to reduce retail prices and logistics costs.
The government also maintains a PHP45 per kilo price ceiling on imported rice in Metro Manila and plans to launch the PHP20/kilo rice program after the election aid distribution ban.
Efforts to address high energy costs are also underway by promoting renewable and cost-effective energy sources.