MANILA, Philippines — Slower increases in transport and fuel costs helped bring inflation down to 6.2 percent in July, the Philippine Statistics Authority (PSA) reported on Wednesday.
This is the third straight month that inflation has gone down since April’s over three-year high of 7.2 percent. This is also lower than the 6.4 percent a month earlier but higher than last year’s 0.9 percent.
“The downtrend in the overall inflation in July 2026 was primarily brought about by the slower annual increase in the transport index at 11.9 percent during the month from 12.8 percent in June 2026,” PSA National Statistician Claire Dennis Mapa said during the briefing.
Core inflation, which excludes select food and energy items, also dropped to 4.2 percent from 4.4 percent in June 2026. It was, however, higher than the 2.3 percent core inflation in July 2025.
To date, headline inflation stood at 5.0 percent, still above the government’s 2.0-4.0 percent target range, while core inflation remained within the target at 3.6 percent.
