THE Philippines’ headline inflation, or overall inflation, remained stable at 1.7 percent in October 2025, matching the annual growth rate recorded in September 2025. This is a decrease from the 2.3 percent inflation rate observed in October 2024. The stability in overall inflation is a result of offsetting movements in various commodity groups.
Several commodity groups experienced faster annual increases in October 2025, including clothing and footwear, housing, water, electricity, gas and other fuels, information and communication, and personal care and miscellaneous goods and services. Conversely, lower inflation rates were noted in food and non-alcoholic beverages, alcoholic beverages and tobacco, health, transport, and recreation, sport and culture. The indices of the remaining commodity groups maintained their previous month’s annual rates.
The primary contributors to the October 2025 overall inflation rate were housing, water, electricity, gas and other fuels, accounting for 34.6 percent of the share; restaurants and accommodation services with 14.6 percent; and food and non-alcoholic beverages with 13.0 percent. Food inflation specifically slowed to 0.3 percent in October 2025, down from 0.8 percent in September 2025, driven by slower increases in vegetables, tubers, plantains, cooking bananas and pulses, and meat and other parts of slaughtered land animals. The core inflation, excluding selected food and energy items, also slowed down to 2.5 percent in October 2025 from 2.6 percent in the previous month.
