The inflation rate of the Philippines grew to 1.5% this past August and the recent price hikes of food and non-alcoholic drinks were factors, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the news report of Manila Bulletin. Some parts in boldface…
The rate of increase in consumer prices has accelerated last month due to jump in food prices, with recent weather events heavily impacting the cost of vegetables, the Philippine Statistics Authority (PSA) reported on Friday, Sept. 5.
Headline inflation accelerated to 1.5 percent in August 2025, faster than the 0.9 percent recorded in July, although still below the 3.3 percent recorded in the same month last year, data from the PSA showed. From January to August, average inflation stood at 1.7 percent.
According to the PSA, the uptick was mainly driven by food and non-alcoholic beverages, which posted an inflation rate of 0.9 percent and contributed 69.3 percent to the overall figure.
Within this group, vegetables, tubers, and bananas rose by 10 percent, while fish and other seafood climbed 9.5 percent.
PSA Chief Dennis Mapa stated that recent typhoons had significantly impacted vegetable prices.
In the National Capital Region (NCR), vegetable inflation reached 26.5 percent, compared with 6.9 percent in areas outside NCR.
“The impact of the typhoons in the past few months has been attributed particularly to vegetables,” Mapa said in Filipino, adding that vegetable prices surged in both NCR and other regions in August.
Despite the rise in headline inflation, the bottom 30 percent of income households continued to experience deflation.
Mapa explained that rice, which accounts for about 18 percent of the spending basket for poor households, has posted a sharp price drop.
Rice deflation was recorded at –17 percent for all households and an even deeper –19.3 percent for the bottom 30 percent, offsetting higher costs of vegetables and fish.
Mapa noted that rice inflation is likely to remain negative in the coming months, although the decline may not be as steep as current levels.
Prices are expected to continue trending downward, but the deflationary effect is narrowing, he said.
Let me end this post by asking you readers: What is your reaction to the recent developments? Did you spend a lot more on food and beverages this past August?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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