Inflation eases to 6.2% in July 2026, but still elevated

ESSENTIAL GOODS. A consumer buys basic commodities at the Paco Market in Manila on March 11, 2026.

Rappler

Average inflation for January to July 2026 stands at 5%, remaining well above the government's target range of 2% to 4%

MANILA, Philippines – Inflation in the Philippines softened to 6.2% in July as the relative slowdown in transport helped temper overall price increases, the Philippine Statistics Authority reported on Wednesday, August 5.

This was slightly slower than the 6.4% recorded in June, marking the third straight month of easing inflation after the rate hit a three-year high of 7.2% in April.