MANILA, Philippines — Inflation likely eased further in July, with the Bangko Sentral ng Pilipinas (BSP) projecting consumer price growth to settle within a range of 5.6 percent to 6.6 percent, lower than the 6.9 percent recorded in June.
"At a time of heightened uncertainty, the BSP projects July 2026 inflation to settle within the range of 5.6 to 6.6 percent," the central bank said in its month-ahead inflation forecast issued Friday.
It said upside price pressures during the month could stem from elevated domestic petroleum pump prices, higher electricity rates, increasing fish prices, and the depreciation of the peso against a strengthening US dollar.
The BSP said these pressures were expected to be mitigated by lower prices of key food commodities, including rice, meat, vegetables and fruits.
The Philippine Statistics Authority is scheduled to release the official July inflation data on Aug. 5, 2026.
