The government is not worried that the inflation rate rose for the second consecutive month in September, as it is well within the projected target range of 2 to 4 percent for the year, Malacañang said on Wednesday.
The Philippine Statistics Authority (PSA) announced that last month’s inflation rate moved up to 1.7 percent from 1.5 percent in August on the back of higher transportation and food costs during the period.
In a press briefing, Presidential Communications Office Undersecretary Claire Castro said the inflation rate remains “slow” based on the assessment of two of the administration’s economic managers.
According to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan, the uptick was caused by the increase in vegetable prices due to successive typhoons that hit the country.
Special Assistant to the President for Investment and Economic Affairs Frederick Go also maintained that the accelerated inflation rate was not a cause for concern.
“This 1.7 percent (inflation rate) is not worrisome for the government because the projected range for this year is two to four percent, and it’s still far from that,” Castro said.
According to the PSA, on year-on-year comparison, September’s inflation rate was slower than the 1.9 percent rate recorded in September 2024.
The main contributors to the acceleration of inflation in September 2025 were the Transport, Food, and Non-Alcoholic Beverages indexes, according to the PSA.
