Philippine inflation rises to 1.7% in September

Year-on-year headline inflation in the Philippines rose to 1.7 percent in September 2025, up from 1.5 percent in August, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).

This figure falls within the BSP's forecast range of 1.5 to 2.3 percent for the month.

The September inflation uptick was mainly driven by higher non-food inflation, particularly transport costs, as well as a rise in food inflation following recent weather disturbances that affected vegetable prices.

Rice prices, however, continued to decline due to adequate supply, lower international prices, and government stabilization measures.

Month-on-month, seasonally adjusted headline inflation eased to 0.1 percent in September from 0.5 percent in August.

Core inflation, which excludes volatile food and energy items, also slowed slightly to 2.6 percent in September from 2.7 percent in August.

For the first nine months of 2025, headline inflation averaged 1.7 percent, remaining below the government's 2 to 4 percent target range.

The BSP reaffirmed its commitment to maintaining price stability to support long-term economic growth and employment.