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Philippines Celebrates Record Low Inflation at 0.9%

8/5/2025

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Summary

Story summary

In July 2025, the Philippines celebrated a remarkable drop in inflation to just 0.9%, the lowest in almost six years. This significant change was fueled by a 15.9% plunge in rice prices, alongside more gradual increases in housing and fuel costs. The Bangko Sentral ng Pilipinas is now embracing a friendlier monetary policy, hinting at possible rate cuts to bolster economic growth.

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Story summary

In July 2025, the Philippines celebrated a remarkable drop in inflation to just 0.9%, the lowest in almost six years. This significant change was fueled by a 15.9% plunge in rice prices, alongside more gradual increases in housing and fuel costs. The Bangko Sentral ng Pilipinas is now embracing a friendlier monetary policy, hinting at possible rate cuts to bolster economic growth.