THE government is not worried that the inflation rate rose for the second consecutive month in September, as it is well within the projected target range of 2 to 4 percent for the year, Malacañang said on Wednesday.
The Philippine Statistics Authority (PSA) announced that last month’s inflation rate moved up to 1.7 percent from 1.5 percent in August on the back of higher transportation and food costs during the period.
In a Palace press briefing on Wednesday, Presidential Communications Office Undersecretary and Palace Press Officer Claire Castro said that according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan, the uptick was caused by the increase in vegetable prices due to successive typhoons that hit the country.
Special Assistant to the President for Investment and Economic Affairs Frederick Go also maintained that the accelerated inflation rate was not a cause for concern.
“According to Secretary Go and Secretary Balisacan, itong 1.7 percent ay hindi ito nakakapagpabagabag sa gobyerno dahil ang pinaka-projected band ay two to four percent this year, at malayo pa ito,” Castro said.
“At nakikita nila na slow ang pagtaas po ng inflation rate,” she added.
According to the PSA, on year-on-year comparison, September’s inflation rate was slower than the 1.9 percent rate recorded in September 2024.
The main contributors to the acceleration of inflation in September 2025 were the Transport, Food, and Non-Alcoholic Beverages indexes, according to the PSA
