BSP projects October inflation between 1.4% and 2.2%

The Bangko Sentral ng Pilipinas (BSP) projects the country's inflation rate for October to be between 1.4 percent and 2.2 percent.

This projected range indicates a potential acceleration from September's 1.7% inflation rate.

Upward price pressures are expected from higher costs of rice, fish, vegetables, electricity, and a weaker peso.

These pressures may be partially offset by decreases in the prices of oil, meat, and fruits.

The national average inflation from January to September 2025 is at 1.7 percent, remaining within the BSP's 2-4% target range.

In response to low inflation and slow economic growth, the BSP recently cut its benchmark interest rate by 25 basis points to 4.75 percent.

The BSP will continue to monitor domestic and international developments affecting the outlook for inflation and growth.