Inflation at 1.3% in May, lowest since 2019

The Philippine inflation rate continued to slow in May 2025, easing to 1.3% from 1.4% in April, according to the Philippine Statistics Authority (PSA).

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The PSA noted this is the country’s lowest inflation rate since November 2019, when it reached 1.2%.

The inflation rate has been on a steady decline since January, which started at 2.9%. For the first five months of 2025, the average inflation rate stands at 1.9%.

Inflation in May was driven by increases in housing, water, electricity, gas and other fuels (3.1%), food and non-alcoholic beverages (0.9%), and restaurants and accommodation services (2.0%).

The PSA reported slower inflation in key commodity groups, including:

* Housing, water, electricity, gas and other fuels: 3.1%

* Restaurant and accommodation services: 2.0%

* Transport: 2.4%