FX.co ★ Philippines Inflation Rate Hits 6-Month High

The inflation rate in the Philippines experienced a slight uptick to 1.7% in September 2025, rising from 1.5% in the previous month. Although this rate exceeded the previous month, it still fell short of market forecasts, which anticipated an inflation rate of 2%. This represents the highest inflation rate observed since March. Notably, there was an acceleration in price increases for food and non-alcoholic beverages, climbing to 1% from 0.9% in August. Additionally, the transport sector saw a price rebound, moving from a decrease of 0.3% to an increase of 1%. Price stability, however, was maintained across several sectors, including housing and utilities (2.1%), clothing and footwear (1.7%), furnishings, household equipment and routine maintenance (2.4%), information and communication (0.6%), recreation, sport and culture (2.1%), education (3%), and financial services (0%). On a month-to-month basis, consumer prices showed no change in September, following a 0.6% increase in the preceding month. Separately, core inflation—which omits particular food and energy items—modestly decreased to 2.6%, down from an eight-month peak of 2.7% in August 2025.