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Manila Bulletin devider Business devider The Economy devider Inflation to reverse course on price pressures—BSP

Inflation to reverse course on price pressures—BSP

Published Aug 29, 2025 07:35 pm
(Photo by Keith Bacongco | MB)
(Photo by Keith Bacongco | MB)
The Bangko Sentral ng Pilipinas (BSP) expects August 2025 inflation to accelerate to a median of 1.4 percent, a modest increase from July but a significant deceleration from last year.
The central bank projects a range of 1.0 percent to 1.8 percent for the month. The forecast is a jump from July’s 0.9 percent inflation, a nearly six-year low, and a sharp contrast to the 3.3 percent recorded in August 2024.
According to the BSP, higher costs for fruits, vegetables and fish are contributing to upward price pressures, likely due to unfavorable weather. Rising electricity rates, domestic fuel prices and a depreciating peso are also pushing prices up.
The increases are expected to be partially offset by the continued decline in rice prices and lower meat costs, which have helped keep inflation subdued in recent months.
The Philippine Statistics Authority will release the final August inflation data on Sept. 5.

Related Tags

Bangko Sentral ng Pilipinas (BSP) Consumer prices inflation rate Philippine Statistics Authority (PSA)
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