Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.
To put things in perspective, posted below is an excerpt from the GMA News business report. Some parts in boldface…
The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.
At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.
July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.
Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.
“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.
This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.
Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.
“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.
“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.
The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% by the end of this year?
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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