GMA News
PH rice inflation contracts further to -4.9% in February
Inflation in the Philippines slowed to 2.1% in February 2025, with rice inflation contracting further to -4.9%.
This deceleration, driven partly by decreased prices for vegetables and rice, brings the year-to-date average inflation rate to 2.5%.
The reduction in rice inflation is attributed to declining global prices, reduced import tariffs implemented in July 2024 via Executive Order No. 62, and the declaration of food emergency security.
The February rice deflation of -4.9% is the lowest recorded since April 2020.
This trend aligns with the Bangko Sentral ng Pilipinas' forecast for February inflation to fall within the 2.2% to 3% range.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippines' inflation rate slowed to a five-month low of 2.1% in February 2025, down from 2.9% in January, according to the Philippine Statistics Authority (PSA).
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The Bangko Sentral ng Pilipinas (BSP) forecasts February inflation to be between 2.2% and 3%, a potential decrease from January's 2.9%.
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The Philippines experienced a significant decrease of nearly 35 percent in rice imports during the first two months of the year, with volumes falling to just over 500,000 metric tons.
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The Department of Agriculture (DA) is considering lowering the maximum suggested retail price (MSRP) for imported rice to P45 per kilogram by the end of March.
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The Palace announced that rice and pork prices in the Philippines are expected to drop this month, providing relief to consumers.
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