THE Philippines’ inflation rate remained unchanged at 2.9% in January 2025, matching December 2024’s figure and staying within the government’s target range of 2% to 4%, the Philippine Statistics Authority (PSA) announced.
This stability, according to PSA chief Claire Dennis Mapa, reflects a 2.9% increase in consumer goods and services prices.
While increases were seen in Food and Non-Alcoholic Beverages (3.8%), Alcoholic Beverages and Tobacco (3.5%), and Transport (1.1%), these were offset by slower inflation in other sectors, including Housing, Clothing, and Recreation.
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan hailed the steady rate as a positive sign, aligning with the Philippine Development Plan’s price stability goals.
The Bangko Sentral ng Pilipinas (BSP) also confirmed the figure fell within its forecast of 2.5% to 3.3%, attributing the stability to factors like rice tariff reductions and negative base effects. The BSP expects disinflation to continue.
