The inflation rate, or the overall prices of goods and services in the Philippines, slowed down further in the month of July 2025.
In a press conference held by the Philippine Statistical Authority (PSA) today, Tuesday, August 5, PSA USec. and National Statistician Dennis Mapa revealed that the inflation rate slowed to 0.9% last month, which is the slowest recorded this year.
Compared to June 2025, there was a 1.4% decrease, which is considered slower and also below the 2% to 4% target of economic managers.
Accordingly, a PSA official also explained that the slower inflation recorded in the month of July was due to the slow increase in the prices of food and non-alcoholic beverages as well as utility costs, while inflation continued to decline this year amid the decline in rice prices.
The PSA chief also explained that although there has been a decrease in the price of rice aided by the government’s twenty-peso rice program, there have been increases in other goods or commodities, particularly the increase in the price per kilo of pork due to supply problems due to the ongoing African Swine Fever (ASF) as well as the price of chicken and fish, which have become substitutes for pork.
Meanwhile, in the case of vegetables, there has been an increase due to the impact of the successive typhoons and the southwesterly winds that have hit in recent months.
