Inflation in the Philippines remained unchanged at 1.7% in October 2025, matching September’s figure, according to the Philippine Statistics Authority. The stable rate suggests that the overall pace of price increases for goods and services has leveled off in recent months.
From January to October, inflation averaged 1.7%, staying comfortably within the Bangko Sentral ng Pilipinas’ target range of 1.4% to 2.2%. PSA chief Dennis Mapa attributed the steady inflation to slower growth in food prices, particularly in vegetables, meat, eggs, and dairy. Fruits even saw a drop in prices compared to a year ago, easing household spending pressure.
Economic Planning Secretary Arsenio Balisacan said the figures reflect the effectiveness of government measures aimed at ensuring food security and controlling prices. He noted, however, that authorities remain vigilant against potential price shocks from bad weather and global market fluctuations.
In Metro Manila, inflation inched up to 2.9% from 2.7% in September due to higher costs of housing and utilities. Meanwhile, areas outside the capital recorded a slower inflation rate of 1.3% from 1.5%. For the poorest 30% of Filipino households, inflation was slightly negative at -0.4%, meaning that prices of basic necessities declined.
Core inflation—which strips out volatile food and fuel prices—also dipped to 2.5% from 2.6%, reflecting continued price stability across most goods and services.
The Bangko Sentral ng Pilipinas said inflation is likely to remain manageable in the near term, although possible electricity rate adjustments and revisions to rice tariffs could push prices up slightly. While the current low inflation supports the central bank’s move toward easing interest rates, policymakers cautioned that weaker demand and business sentiment could temper the country’s growth momentum in the coming months.