BSP projects Aug. inflation at 5.5%-6.5%

The Bangko Sentral ng Pilipinas (BSP) has projected headline inflation to settle within the 5.5 percent to 6.5 percent range in August.

In a statement, the BSP said upward price pressures for the month are likely to be driven by higher rice, vegetable, fruit, and fish prices, partly due to unfavorable weather conditions, and elevated domestic fuel costs.

These are expected to be mitigated by the lower prices of meat, as well as lower electricity rates and the peso appreciation.

“The BSP will remain vigilant and guided by incoming data, particularly on inflation and growth prospects,” the BSP said.

“It will continue to assess the impact of latest developments in the Middle East and recent weather disturbances on the country’s inflation and economic outlook.”

Headline inflation eased to 6.2 percent in July from 6.4 percent in June.

The Philippine Statistics Authority is scheduled to release the August 2026 inflation data on Sept. 4.PNA