In March this year, NGCP blamed the Energy Regulatory Commission (ERC) for its failure to process or approve the ancillary services contracts it applied for with other players in the generation sector of the industry.
THE Philippine Statistics Authority (PSA) reported a significant slowdown in inflation in May 2025, reaching its lowest point since November 2019.
Consumer price growth eased to 1.3 percent, a notable decrease from April’s 1.4 percent and a considerable drop from the 3.9 percent recorded in May 2024.
This figure aligns with the median forecast of 1.3 percent from an economist poll and falls within the Bangko Sentral ng Pilipinas’ (BSP) projected range of 0.9 to 1.7 percent.
The PSA attributed the decline primarily to a slower annual increase in housing, water, electricity, gas, and other fuel costs, which rose by 2.3 percent in May compared to 2.9 percent in April.
The decrease in transport costs also contributed to the lower inflation rate. Annual transport costs saw a faster decline of 2.4 percent in May, compared to a 2.1 percent drop in April.
This suggests improved efficiency in the transportation sector or potentially lower fuel prices influencing overall costs. The consistent downward trend in inflation is a positive indicator for the Philippine economy, suggesting stability in essential goods and services. The easing of prices in these key sectors provides relief to consumers and contributes to a more favorable economic climate.
Core inflation, which excludes volatile food and energy prices, remained stable at 2.2 percent in May, matching April’s figure but demonstrating improvement from last year’s 3.1 percent.
Both headline and core inflation currently remain within the BSP’s target range of 2.0 to 4.0 percent, standing at 1.9 percent and 2.5 percent, respectively.
This sustained stability within the target range suggests that the BSP’s monetary policies are effectively managing inflation and maintaining economic stability. The continued downward trend in inflation offers a positive outlook for the Philippine economy, indicating a more manageable cost of living for consumers and a stable environment for businesses.
