Results of admin鈥檚 fight vs inflation is now being felt 鈥� speaker
Baguio City market (Photo from VINCENT CABREZA)
MANILA, Philippines — The administration’s fight against inflation is now yielding results after a six-year low headline inflation rate of 1.3 percent was recorded for May 2025.
This statement comes from House Speaker Martin Romualdez on Thursday.
Romualdez said the House will continue to work on bills that will lower inflation rates, as the government cannot be complacent over the slower increase in the prices of goods.
“President (Ferdinand) Marcos (Jr.) has made inflation control a top priority. The results are now becoming clear — less price volatility, more certainty, and concrete benefits for Filipino households,” he noted.
“In Congress, we are working on laws that will lower rice prices, support our farmers, and make basic goods and services more affordable,” he further said.
“We can’t be complacent just because inflation is low this month. The goal is lasting relief,” he added.
The Philippine Statistics Authority (PSA) reported on Thursday that the country’s inflation rate eased some more from 1.4 percent in April to 1.3 percent in May.
This condition is due to lower utility costs and slower price gains in restaurants and accommodation services.
The 1.3 percent rate was well within the estimate given by 13 economists polled by Inquirer, and is inside the Bangko Sentral ng Pilipinas’ forecast of a 0.9 percent to 1.7 percent inflation rate for May.
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After battling high prices of goods during the latter part of 2022 and the early portion of 2023, the government has seen inflation rates taper since September 2024, at just 1.9 percent — the slowest since May 2020.
In March 2025, a 1.8 percent inflation rate was recorded.
This was followed by 1.4 percent in April 2025./apl
