Malacañang welcomed the latest report from the Philippine Statistics Authority (PSA), which showed that the rise in prices of basic goods and services remained low at 1.4 percent in June 2025, a slight increase from 1.3 percent in May.

The PSA preliminary report showed inflation remained low at 1.4 percent in June 2025, slightly up from 1.3 percent in May. Inflation is the rate at which prices of goods and services rise over time.

The Marcos administration attributed this low figure to continued price stability, driven by improved supply conditions and proactive policy interventions.

Food inflation dropped further to 0.1 percent, mainly due to a sharper 14.3 percent decline in rice prices during the peak dry-season harvest and lower global prices. Vegetable prices also fell, particularly for potatoes, squash, and tomatoes, thanks to favorable weather conditions.

However, prices of meat, fish, and fruits rose. Meat inflation reached 9.1 percent, driven by tight supply amid reduced imports and ongoing African swine fever cases. Fish and fruit prices increased by 6.2 percent and 9.7 percent, respectively.

Non-food inflation edged up due to a 7.4 percent year-on-year increase in electricity rates and a 5.4 percent rise in school tuition and fees. As a result, inflation in the National Capital Region climbed to 2.6 percent, while areas outside NCR saw a slight decline to 1.1 percent.

The Bangko Sentral ng Pilipinas has lowered its full-year inflation forecast to 1.6 percent—below the government’s target of 2 to 4 percent—citing declining global rice and fuel prices, as well as a stable weather outlook.

To sustain this favorable trend, the government is intensifying support to key sectors. The Department of Agriculture is accelerating the recovery of the hog industry through the Swine Industry Recovery Project and establishing an Onion Research and Extension Center in Nueva Ecija to improve domestic production. | PND