BSP: Without oil, AI industries, PH inflation higher than neighbors

Bangko Sentral ng Pilipinas

MANILA, Philippines – The lack of local oil and artificial intelligence (AI) industries increased the Philippines’ inflation in 2026 compared to its neighboring countries despite being affected by the same international tensions, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

BSP Governor Eli Remolona Jr. remarked during the Senate finance panel on its first hearing on the proposed 2027 national expenditure program (NEP), where the BSP reported the inflation in the past year.

Prior to this, the BSP reported a headline inflation of 6.2% in July 2026 amid volatile food and energy costs, which notably rose following the tensions between the United States and Israel against Iran in the Middle East.

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BSP: Without oil, AI industries, PH inflation higher than neighbors

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