Story perspectives

Philippines Inflation Hits 1.4%, Rice Prices Plummet

5/8/2025

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Summary

Story summary

Inflation in the Philippines fell to 1.4% in April 2025, the lowest since November 2019, driven by lower rice and food prices.
The rice index declined by 10.9%, with regular milled rice prices dropping from P51.25 to P44.45 per kilo.
The government is implementing agricultural initiatives to stabilize prices and further reduce inflation.
The Bangko Sentral ng Pilipinas (BSP) is considering a shift to more accommodative monetary policy, including potential rate cuts.

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Story summary

Inflation in the Philippines fell to 1.4% in April 2025, the lowest since November 2019, driven by lower rice and food prices.
The rice index declined by 10.9%, with regular milled rice prices dropping from P51.25 to P44.45 per kilo.
The government is implementing agricultural initiatives to stabilize prices and further reduce inflation.
The Bangko Sentral ng Pilipinas (BSP) is considering a shift to more accommodative monetary policy, including potential rate cuts.