Philippines Taux d'inflation

The annual inflation rate in the Philippines slowed to 1.8% in March 2025 from 2.1% in the previous month, pointing to the lowest reading since May 2020. The latest result was less than market consensus of 2.1%, as prices moderated mainly for food and non-alcoholic beverages (2.2% vs 2.6% in February), clothing and footwear (1.8% vs 2.1%), and restaurant and accommodation services (2.3% vs 2.8%). At the same time, costs declined further for transport (-1.1% vs -0.2%). On the other hand, inflation increased for alcoholic beverages and tobacco (3.6% vs 3.4%), housing and utilities (1.7% vs 1.6%), and information and communication (0.4% vs 0.3%). Meanwhile, core inflation, which excludes selected food and energy items, eased to 2.2% from 2.4% in the preceding period. On a monthly basis, consumer prices fell by 0.2%, the same pace as in the prior month.