FX.co ★ Philippines Inflation Rate Falls to 1.5%

In November 2025, the annual inflation rate in the Philippines decreased to 1.5%, down from 1.7% in October, falling below the anticipated 1.6%. This represents the lowest rate observed in three months and remains significantly beneath the central bank's target range of 2% to 4%. The slowdown in price growth was evident in the food and non-alcoholic beverages category, which witnessed a modest rise of 0.1% compared to 0.5% in the previous month, largely due to reduced increases in vegetables, tubers, plantains, cooking bananas, and pulses. Similarly, inflation eased for alcoholic beverages and tobacco (3.6% down from 4.0%), furnishings and household equipment (2.0% reduced from 2.4%), restaurants and accommodation services (2.6% as opposed to 2.4%), and personal care and miscellaneous goods (2.4% from 2.5%). Conversely, upward pressures on prices were noted for housing, water, electricity, gas, and other fuels (which rose to 2.9% from 2.7%), as well as for transport, which increased to 1.7% from 0.9%. On a month-to-month basis, the Consumer Price Index (CPI) marked a 0.2% increase, following a 0.1% rise in October. Core inflation, excluding specific food and energy items, slipped to 2.4%, the lowest in four months, from 2.5% in the preceding month.