The Philippines' inflation rate eased to 6.4 percent in June 2026, down from 6.8 percent in May, as the pace of increase in fuel and food prices moderated, according to the Philippine Statistics Authority (PSA) on Tuesday, July 7, 2026.
Inflation trend and key drivers
The latest figure indicates that while prices of goods and services continued to rise compared to the same month last year when inflation was 1.4 percent, the rate of increase slowed from the previous month. From January to June, the country's average inflation stood at 4.8 percent.
The PSA attributed the slower inflation primarily to a deceleration in transport costs, which rose by 12.8 percent in June, down from 16.2 percent in May. Price increases for food and non-alcoholic beverages also eased to 5.2 percent from 5.7 percent a month earlier. Inflation for furnishings, household equipment, and routine household maintenance slowed to 3.7 percent from 3.9 percent.
Commodity groups with faster price increases
However, some commodity groups posted faster price increases in June, including housing, water, electricity, gas and other fuels; health; education services; restaurants and accommodation services; and alcoholic beverages and tobacco.
Food inflation details
Food inflation slowed to 5.4 percent in June from 5.8 percent in May, mainly due to slower price increases for rice and fish and seafood, and a faster decline in meat prices. Rice inflation eased to 15.0 percent, while fish and seafood inflation slowed to 7.8 percent from 8.8 percent. On the other hand, vegetable prices accelerated, with inflation climbing to 9.0 percent from 6.2 percent in May.
The PSA identified food and non-alcoholic beverages, housing and utilities, and transport as the top contributors to June's overall inflation.
Regional inflation data
Areas outside Metro Manila also recorded slower inflation at 6.7 percent, down from 7.1 percent in May. Among regions, the Negros Island Region posted the lowest inflation rate at 4.9 percent, while Central Visayas recorded the highest at 10.0 percent.
Government response
The Department of Economy, Planning, and Development (DEPDev) attributed the easing inflation to moderating global oil prices and government efforts to improve food supply. “Every percentage point drop in inflation matters to Filipino families,” DEPDev Secretary Arsenio Balisacan said. “It means household budgets can go further, especially for poor families who spend a large share of their income on food and transportation,” he added.
Balisacan said the government will continue implementing measures to stabilize food supply, support farmers and fisherfolk, and improve the country's resilience to climate-related disruptions to keep inflation low and stable in the coming months.
