Inflation rate in the Philippines fell to 1.3 percent in May 2025 from 1.4 percent in April, the Philippine Statistics Authority (PSA) said Thursday.
This is the lowest inflation rate since November 2019 at 1.2 percent, bringing the average inflation from January to May 2025 to 1.9 percent. In May 2024, the inflation rate was higher at 3.9 percent.
“The downtrend in the overall inflation in May 2025 was primarily brought about by the slower annual increment in the index of housing, water, electricity, gas and other fuels at 2.3 percent in May 2025 from 2.9 percent in the previous month,” the PSA said.
It said also contributing to the downtrend was the restaurant and accommodation services at 2.0 percent during the month from 2.3 percent in April 2025.
A faster annual decline was recorded in the transport index at 2.4 percent in May 2025 from a 2.1 percent annual drop in the previous month.
The furnishing, household equipment and routine household maintenance index also recorded a slower annual growth of 2.0 percent during the month from 2.1 percent in April 2025.
Meanwhile, higher inflation rates were observed in alcoholic beverages and tobacco, 3.8 percent from 3.7 percent; information and communication, 0.4 percent from 0.3 percent; recreation, sport and culture, 2.2 percent from 2.1 percent; and education services, 4.3 percent from 4.2 percent.
The indices of the rest of the commodity groups retained their respective previous month’s annual growth rates, with financial services still registering a zero percent annual rate in May 2025, the PSA said.
