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Philippine inflation hit 2.0% in January 2026, the highest in nearly a year, driven by rising housing, utilities, and services costs, staying within the central bank’s target range.
Philippine inflation rose to 2.0% in January 2026, the highest in nearly a year, driven by faster increases in housing, utilities, restaurant services, and personal care items.
Core inflation climbed to 2.8%, reflecting persistent underlying price pressures, while food inflation slowed to 0.7% due to falling vegetable and rice prices.
The rise surpassed economist forecasts but stayed within the central bank’s 1.4% to 2.2% target range, marking the first time in almost a year inflation reached the broader 2% to 4% target.
The central bank signaled its easing cycle is nearing an end, with future rate cuts likely minimal and data-dependent.
La inflación filipina alcanzó el 2.0% en enero de 2026, la más alta en casi un año, impulsada por el aumento de los costos de vivienda, servicios públicos y servicios, manteniéndose dentro del rango objetivo del banco central.