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Inflation News in Philippines flagPhilippines

Inflation news gathered from trusted sources: consumer and producer price data, wage growth and inflation expectations

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The Manila TimesThe Manila Times
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Sept. inflation likely higher at 6.7% – poll

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I LATION could have resumed rising last month following renewed pressure on oil prices and elevated food and transport costs, analysts said. The median forecast in a Manila Times poll was 6.7 percent, higher than the 6.1 percent recorded in August but within the Bangko Sentral ng Pilipinas’ (BSP) 6.4- to 7.4-percent estimate for September. A year earlier, inflation was substantially lower at 1.7 percent. A 6.7-percent result would mark the first rise since an easing from April’s high of 7.2 percent and also mean a seventh straight month of consumer price growth exceeding the BSP’s 2.0- to 4.0-percent target. Data for September will be released by the Philippine Statistics Authority tomorrow, Oct. 6, and an increase could lead to the central bank hiking interest rates later this month. Deutsche Bank chief economist Juliana Lee, with the lowest forecast at 6.3 percent, said headline inflation was likely to have reversed from four consecutive months of declines. “Domestic fuel pump prices remain elevated amid another rise in global oil prices,” she said.

5 hours ago
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The Manila TimesThe Manila Times
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Inflation, liquidity pressures seen steering PSEi’s direction

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PHILIPPINE shares could remain under pressure this week after the benchmark index extended its losing streak to five sessions and fell to another 2026 low, with investors turning their attention to September inflation for clues on the path of interest rates. The Philippine Stock Exchange index (PSEi) slipped by 0.45 points or 0.01 percent to 5,629.03 on Friday, bringing its weekly decline to 196.94 points or 3.4 percent. The Philippine Statistics Authority is scheduled to release September inflation data on Tuesday, with 2TradeAsia.com expecting headline inflation to accelerate to 6.6 percent to 7.0 percent from 6.1 percent in August. The brokerage said a reading of 6.8 percent would make a 25-basis-point rate hike at the Bangko Sentral ng Pilipinas’ Oct. 22 meeting “very likely.” “A Tuesday inflation print at or below 6.5 percent is a tradable relief bounce toward 5,800, while 6.8 percent or higher cements the Oct. 22 hike and puts 5,500 in play,” 2TradeAsia said. Philstocks Financial Inc. research manager Japhet Tantiangco likewise said inflation would be the key focus for investors this week, with expectations for a faster September print likely to weigh further on sentiment. “If inflation comes in significantly faster, it may further drag the local market,” he said.

5 hours ago
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The Manila TimesThe Manila Times
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Ejercito seeks to double social pension for indigent seniors to P2,000

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MANILA, Philippines — Sen. JV Ejercito is seeking to double the monthly social pension for indigent senior citizens from P1,000 to P2,000, citing rising costs of food, medicines, health care and other basic necessities. Ejercito filed Senate Bill 2522, which seeks to amend Republic Act 11916, the law governing the social pension program for indigent senior citizens. “With the continuing rise in the prices of food, medicines, utilities, transportation, and health care, P1,000 a month is simply no longer sufficient to significantly support the daily needs of an elderly Filipino,” Ejercito said. The senator said many senior citizens spend much of their limited income on maintenance medicines, medical consultations, food, rent, electricity and transportation. “For many retirees, a modest monthly pension is quickly consumed by maintenance medicines, medical consultations, food, rent, electricity, transportation, and other necessities. The small statutory pension they receive every month is far from the financial security we envisioned for our seniors,” he said.

19 hours ago
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The Manila TimesThe Manila Times
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Meat importers warn higher pork tariffs will raise prices

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THE Meat Importers and Traders Association (MITA) has opposed the Department of Agriculture’s (DA) proposal to raise pork tariffs, warning that the move would increase food prices without addressing problems confronting local hog raisers.In a position paper submitted to the Tariff Commission, the group argued that the recent decline in farmgate prices was caused by seasonal and structural factors, including panic selling amid fears of African swine fever (ASF), rather than a surge in imports.The DA has proposed raising pork tariffs by 10 percentage points in 2027 — 25 percent for imports within the minimum access volume and 35 percent for those outside the quota. The rates would increase to 30 percent and 40 percent, respectively, the following year.The current rates of 15 percent within the quota and 25 percent outside it are covered by Executive Order 62, which extended reduced pork tariffs until 2028.MITA president emeritus Jesus Cham said higher tariffs would fail to resolve the domestic swine industry’s underlying problems.“Premature tariff hikes will stoke food inflation, threaten the raw material supply of food manufacturers and impose unnecessary costs on consumers,” Cham said.MITA said farmgate prices usually soften during the rainy season since small-scale raisers sell pigs early to avoid possible losses from disease and severe weather.

4 days ago
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