The Central Bank of the Philippines published its month-ahead inflation forecast, projecting January 2026 inflation to fall within a 1.4 to 2.2 percent range. Upward price pressures are expected from higher prices of major food items such as rice and fish, increased domestic fuel costs, the annual adjustment in excise taxes for alcohol and tobacco, higher water and toll rates, and peso depreciation. These factors may be partly offset by lower electricity charges in Meralco-serviced areas and stabilizing vegetable prices. The central bank will continue to monitor domestic and international developments affecting the inflation and growth outlook as part of its data-dependent approach to monetary policy.
Central Bank of the Philippines 2026-01-29
Central Bank of the Philippines projects January 2026 inflation at 1.4 to 2.2 percent
The Central Bank of the Philippines forecasts January 2026 inflation to range between 1.4% and 2.2%, with upward pressures from food, fuel, taxes, and peso depreciation, partially offset by lower electricity charges and stabilizing vegetable prices. The bank will maintain a data-dependent approach to monitor inflation and growth.