The Bangko Sentral ng Pilipinas (BSP) said Thursday inflation rate likely settled between 0.5 percent and 1.3 percent in July 2025.
The BSP cited higher meat and vegetable prices due to extreme weather conditions, elevated electricity rates, increased domestic fuel costs and a depreciating peso as upside pressures.
It said these could be partially offset by declining rice prices.
Overall inflation in June 2025 increased to 1.4 percent from 1.3 percent in May, according to the Philippine Statistics Authority.
This brought the average inflation rate in the first half of 2025 to 1.8 percent, below the government’s 2 percent to 4 percent target range.
BSP Governor Eli Remolona Jr. earlier said the Monetary Board may implement another 25-basis-point reduction in policy rate in June given the low inflation.
