The Central Bank of the Philippines projects inflation of 5.5% to 6.5% in August 2026, driven by higher prices for rice, vegetables, fruit and fish amid unfavorable weather, as well as elevated domestic fuel costs. Lower meat prices, reduced electricity rates and peso appreciation are expected to partly offset these pressures. The central bank will assess incoming inflation and growth data, including the effects of developments in the Middle East and recent weather disturbances on the economic outlook.
2026-08-28Central Bank of the Philippines
Central Bank of the Philippines projects August inflation at 5.5% to 6.5%
The Central Bank of the Philippines projects August 2026 inflation at 5.5% to 6.5%, with food and fuel costs driving upward pressure. Lower meat and electricity prices and peso appreciation are expected to provide some offset.