Inflation in the Philippines dropped to 1.4% in April, marking the lowest level since November 2019. These data were provided by the Philippine Statistics Authority. National Statistician Dennis Mapa noted the significant role of declining prices of rice in reducing overall inflation. At the same time, prices of electricity, chicken, rent, and dining out show inflationary pressure and could contribute to potential growth in the following months.
During this time, inflation for April averaged 2% from the beginning of the year, remaining within the target range of the government from 2% to 4%. The Ministry of Economic Planning and Development emphasized the need to continue coordination for price stabilization, especially for essential goods.
The inflation index for rice was -10.9% last month. The price for ordinary milled rice was 44.45 Philippine pesos per kilogram, well-milled at 50.54, and special rice at 60.69. "This April 2025, when inflation on rice dropped... has significant implications for lowering prices on general goods and services in the country," Mapa said.
Nonetheless, prices for pork remain a primary driver of inflation, with fresh pork selling at 364.79 Philippine pesos per kilogram, while pork belly is 381.02, which exacerbates the ongoing impact of African swine fever.
