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The annual inflation rate in the Philippines stood at 1.7% in October 2025, unchanged from September’s six-month high but missed expectations for a slight rise to 1.8%. The reading remained within the central bank’s 2%–4% target range. Inflation slowed for food and non-alcoholic beverages (0.5% vs 1% in September), driven by smaller annual increases in vegetables, tubers, plantains, cooking bananas, and pulses. Costs also rose at a softer pace for transport (0.9% vs 1%), health (2.7% vs 2.8%), and recreation and culture (1.9% vs 2.1%). Meanwhile, inflation accelerated for housing and utilities, which climbed to a four-month high of 2.7% from 2.1%, while price growth also picked up for clothing and footwear (1.8% vs 1.7%) and personal care (2.5% vs 2.4%). On a monthly basis, the CPI rose 0.1%, after showing no growth in the previous period. Core inflation, which excludes certain food and energy items, eased to 2.5% in October, a three-month low, from 2.6% in September.