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Philippine inflation likely 1.5%-2.3% in Sept 2025, near target range, driven by food and fuel costs.
Philippine inflation likely ranged from 1.5% to 2.3% in September 2025, possibly returning to the Bangko Sentral ng Pilipinas’ 2%-4% target range for the first time in six months, according to the central bank.
Higher prices for rice, fish, and fuel contributed to upward pressure, while lower vegetable, meat, and electricity costs helped moderate the increase.
The forecast suggests stable month-on-month inflation, with the lower end matching August’s 1.5% rate.
The BSP continues monitoring domestic and global factors affecting prices and growth, amid a projected current account deficit and a manufacturing sector contraction.
Official data is expected October 7.
La inflación filipina probablemente sea del 1,5% al 2,3% en septiembre de 2025, cerca del rango objetivo, impulsada por los costos de alimentos y combustible.