BSP expects 1.4%-2.2% October inflation
US Federal Reserve chairperson Jerome Powell speaks during a press conference at the end of a Monetary Policy Committee meeting in Washington, DC, on 29 October 2025. The US Federal Reserve on Wednesday announced its second consecutive quarter-point rate cut to bolster the flagging labor market, unveiling a decision that highlighted the growing division in its ranks.
Jim WATSON/Agence France-Presse
The Bangko Sentral ng Pilipinas (BSP) expects inflation in October 2025 to fall within the 1.4 percent to 2.2 percent range, remaining below the government’s 2 percent to 4 percent target band.
According to the central bank, upward price pressures during the month likely stem from higher costs of rice, fish, vegetables, and electricity, as well as the continued depreciation of the peso, which reached an all-time low on Tuesday.
These factors, however, are expected to be partially offset by lower prices of oil, meat and fruits.
Easing of growth in consumer prices
If realized, the projection would mark one of the lowest inflation readings of the year, signaling further easing in consumer price growth amid moderating global commodity prices and improved domestic food supply.
The BSP said it will continue to closely monitor both domestic and global developments that could influence the inflation and growth outlook.
The central bank reiterated its data-dependent approach to monetary policy, emphasizing that decisions on interest rates will be guided by evolving economic indicators.