Malacañang has expressed satisfaction with the country’s slower inflation rate in February, compared to January.
The drop in inflation reflects the government’s effective measures to address inflationary pressures, Presidential Communications Office (PCO) Undersecretary Atty. Claire Castro said in a press briefing Wednesday, March 5.
“Magandang balita. Inulat ng Philippine Statistics Authority (PSA) na bumagal sa 2.1 percent ang inflation rate o ang pagtaas ng presyo ng mga produkto at serbisyo sa bansa nitong Pebrero mula sa 2.9 percent noong Enero,” said Castro.
“Ito na ang pinakamababang antas na naiulat simula noong Setyembre 2024 (1.9 percent),” she added.
The lower inflation, according to her, was driven by slower price increases in food and non-alcoholic beverages, which rose by 2.6%. This was due to a slower rise in the prices of vegetables and other products.
In 2025, the average inflation rate stayed at 2.5%, well within the government’s target range of 2 to 4%, the PCO official said.
Castro also mentioned that the National Economic and Development Authority (NEDA) would continue working to manage inflation and address any potential price increases in other commodities.
The PSA reported that food inflation decelerated to 2.6% (from 4.0%) and non-food inflation slowed to 1.7% (from 2.2%). Rice prices saw a sharper deflation, dropping to -4.9% from -2.3%, thanks to easing international prices and reduced tariffs.
Vegetable inflation also decreased significantly to 7.1% from 21.1%, balancing the increase in meat inflation, which rose to 8.8% from 6.4%.IMT
