PH inflation slows to 1.5% in November

Inflation in the Philippines eased to 1.5 percent in November 2025, down from 1.7 percent in October, according to the Philippine Statistics Authority (PSA).

This slowdown was primarily driven by lower food prices, with rice prices contributing to the decline.

The November inflation rate falls within the Bangko Sentral ng Pilipinas' (BSP) forecast range of 1.1 to 1.9 percent.

The year-to-date average inflation is 1.6 percent, undershooting the BSP's target range of 2 to 4 percent for the ninth straight month.

This benign inflation environment fuels expectations of a rate cut on December 11, as the BSP anticipates limited risks to the inflation outlook with easing supply-side pressures.

However, the BSP noted potential upward pressures from electricity rate adjustments and possible increases in rice import tariffs.