5 hours ago
2
Upgrade to High-Speed Internet for only ₱1499/month!
Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.
Visit Suniway.ph to learn
Already have Rappler+?
to listen to groundbreaking journalism.
This is AI generated summarization, which may have errors. For context, always refer to the full article.
ILOILO VENDOR. A fruit and vegetable vendor in Iloilo.
Rjay Zuriaga Castor/Rappler
This is the lowest inflation rate since the 1.2% recorded in November 2019
MANILA, Philippines – Inflation in the Philippines cooled for the third straight month to 1.4% in April, keeping the consumer price index below the government’s target range of 2% to 4%.
The Philippine Statistics Authority reported on Tuesday, May 6, that inflation again slowed in the previous month amid easing food and oil prices, from 1.8% in March.
April’s figure is the lowest inflation rate since the 1.2% recorded in November 2019.
It brings the country’s average inflation print to 2% for the first four months of 2025.
The drop in rice and vegetable prices helped offset electricity rate hikes and the Light Rail Transit Line 1 fare increases.
The continuing drop in inflation also comes weeks after the Bangko Sentral ng Pilipinas (BSP) slashed interest rates to 5.5%.
The BSP earlier forecast inflation would settle within 1.3% to 2.1% amid what it described as favorable domestic supply conditions. It cited lower oil prices, as well as the strengthening of the Philippine peso against the US dollar. – Rappler.com
How does this make you feel?
Loading
