BSP sees May 2025 inflation slowing to 0.9%–1.7%

The Bangko Sentral ng Pilipinas (BSP) forecasts May 2025 inflation to range between 0.9 percent and 1.7 percent, potentially marking the slowest pace of price increases since October 2019, when inflation dipped to 0.6 percent.

According to the BSP, the continued easing of rice and fish prices—thanks to improved domestic supply—along with lower oil prices, reduced electricity rates, and a stronger peso have helped temper inflationary pressures for the month.

Still, the central bank noted that rising prices of vegetables and meat could partly counterbalance the overall downward trend in consumer prices.

The BSP emphasized that the Monetary Board will maintain a cautious, data-driven approach in fine-tuning its policy stance to ensure price stability while supporting sustainable economic growth and employment.

April’s inflation rate stood at 1.4 percent, the lowest recorded since November 2019. Official May 2025 inflation data will be released by the Philippine Statistics Authority on June 5.