June inflation may hit 1.1% to 1.9%, below target

Analysts predict June inflation in the Philippines may range between 1.1% and 1.9%, slower than even the 2-4% target band set by economic managers, due to a brief spike in oil prices and peso weakness following Middle East tensions.

The Bangko Sentral ng Pilipinas (BSP) projects upward price pressures from higher meat, vegetable, and oil prices, as well as peso depreciation; however, these could be partially offset by lower rice, fish, fruit prices, and reduced electricity rates.

Inflation has been steadily declining this year from 2.9% in January to 1.3% in May, which was the slowest since 2018 and below even the country's target range.

The BSP remains committed to ensuring sustainable economic growth and employment by maintaining monetary policy settings conducive to price stability.

Official June 2025 inflation data will be released by the Philippine Statistics Authority on July 4.