Malacañang has attributed the easing of inflation rate from 7.2 percent to 6.8 percent to the government's targeted assistance to sectors affected by inflation and the energy emergency.

"Ang pagbaba ng inflation sa 6.8% nitong Mayo ay magandang balita para sa mga
pamilyang Pilipino (The decline in inflation to 6.8% this May is good news for Filipino families)," Palace Press Officer and Communications Undersecretary Claire Castro said in a text message to reporters on Friday, June 5.

"Senyales ito na unti-unti nang nagbubunga ang mga hakbang ng pamahalaan sa ilalim ng UPLIFT strategy (It is a sign that the government's measures under the UPLIFT strategy are gradually bearing fruit)," Castro added.

The Palace official, however, said they cannot be complacent, citing the possible increase in prices due to the impacts of the El Niño phenomenon. 

"Pero hindi pa tayo kampante. May mga banta pa rin tulad ng posibleng pagtaas ng presyo ng langis at epekto ng El Niño (But we are not complacent. There are still threats such as the possible increase in oil prices and the effects of El Niño)," Castro said.

The efforts, she further said, will continue to be implemented to keep goods affordable, protect every family's budget, and create more jobs for Filipinos.

The Philippine Statistics Authority (PSA) announced on Friday that the country's inflation rate slowed to 6.8 percent in May 2026 from 7.2 percent in April.

PSA Undersecretary and National Statistician Claire Dennis Mapa said the slower inflation rate was primarily driven by the deceleration in transport costs, food prices, and housing-related expenses.

Mapa reported that the average inflation rate from January to May 2026 stood at 4.5 percent. 
According to the PSA, transport inflation slowed to 16.2 percent in May and accounted for 70.3 percent of the overall decline in inflation, largely due to slower increases in the prices of diesel and gasoline.

The Marcos administration has been implementing measures aimed at mitigating the impact of rising prices through the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT).

It provides targeted assistance to sectors affected by inflation and complements government efforts to stabilize the supply and prices of essential commodities.

The UPLIFT framework was established through Executive Order No. 110, signed on March 24, 2026, as part of the government's response to rising global oil prices, fuel supply disruptions, and their effects on the domestic economy.