05/06/2026
Inflation Slows, But Prices Still High
The country's inflation rate eased to 6.8% in May, down from 7.2% in April, according to the latest data from the Philippine Statistics Authority (PSA).
The slowdown was mainly driven by slower price increases in transportation, food, and household utilities such as electricity, water, and fuel.
PSA officials pointed out that diesel prices played a major role in the easing trend.
The latest inflation figure also came in lower than the Bangko Sentral ng Pilipinas' forecast of 7.1% to 7.9% for May.