Inflation in the Philippines climbed to 1.7% in September 2025, up from 1.5% in August, driven mainly by rising food and transport prices, according to the Philippine Statistics Authority (PSA). The latest figure marks the highest inflation rate since March, though it remains below the 1.9% recorded in the same month last year.
The PSA reported that transport costs rose by 1.0% after a slight decline in August, while the food and non-alcoholic beverages index also increased by 1.0%, reflecting higher prices of key staples, particularly vegetables. Despite the uptick, the September figure stayed within the Bangko Sentral ng Pilipinas’ forecast range of 1.5% to 2.3%.
Core inflation, which excludes volatile food and energy items, eased slightly to 2.6% from 2.7% in August but remained above last year’s 2.4%. Both headline and core inflation figures continue to fall within the central bank’s 2.0% to 4.0% target band, suggesting price pressures remain manageable.
Economists noted that while the increase was modest, ongoing transport and food supply constraints could continue to influence price trends in the coming months.
Philippine Inflation Rises to 1.7% in September on Higher Food and Transport Costs
