FX.co ★ Philippines Inflation Rate Lowest Since 2019

The annual inflation rate in the Philippines decreased to 1.4% in April 2025, down from 1.8% the prior month, which was a near five-year low. This reading is the lowest recorded since November 2019. The decline was driven by moderated prices in several sectors: food and non-alcoholic beverages saw a decrease to 0.9% from 2.2% in March, while clothing and footwear dipped to 1.6% from 1.8%, information and communication fell to 0.3% from 0.4%, recreation, sport, and culture dropped to 2.1% from 2.2%, and personal care and miscellaneous goods and services lowered to 2.5% from 2.6%. Moreover, the deflation in transportation deepened to -2.1% from -1.1%. Conversely, there were price accelerations in areas such as housing and utilities, which increased to 2.9% from 1.7%, alcoholic beverages and tobacco, which rose to 3.7% from 3.6%, and healthcare, which moved up to 2.4% from 2.2%. On a month-to-month comparison, consumer prices declined by 0.4% in April, after a 0.2% decrease over each of the two preceding months. Additionally, core inflation, excluding specific food and energy products, remained stable at 2.2% in April 2025.