Headline inflation · CPI year-on-year PSA, 2018-based
6.8%
May 2026 · released by PSA monthly
▼ Eased: −0.4 ppt vs 7.2% the month before
Above the BSP 2–4% target — 3 straight months
Core inflation
4.1%excl. volatile food & energy
Food inflation
5.7%food & non-alcoholic drinks
Rice inflation
15.6%the PH staple, tracked on its own
A year ago
1.3%
May 2025
Trailing 12-mo avg
2.8%the salary-check basis
2025 average
1.7%full prior year
Monthly inflation since 2019 — shaded: BSP 2–4% target
vs ASEAN and the US — latest full-year average (World Bank)
| 🇵🇭 PH | Thailand | Indonesia | Malaysia | Vietnam | Singapore | United States |
|---|---|---|---|---|---|---|
| 3.2% 2024 | 1.4% 2024 | 2.2% 2024 | 1.8% 2024 | 3.6% 2024 | 2.4% 2024 | 3.0% 2024 |
Sources & method
- Monthly rates: PSA OpenSTAT, 2018-based CPI (tables 0012M4ACP23 & 0012M4ACP31), fetched after each monthly release into Konteksto's archive.
- Annual international comparison: World Bank FP.CPI.TOTL.ZG.
- Target band: BSP inflation target, 2–4% for 2024–2028.
- The salary check runs entirely in your browser — sweldo mo, sa device mo lang.
Inflation eases to 6.8% in May — a 3rd straight month above the BSP target
Headline inflation came in at 6.8% in May 2026, down from 7.2% the month before, above the BSP's 2–4% target band for a 3rd consecutive month. Core inflation stands at 4.1%. Food inflation is 5.7%.
Full commentary
Headline inflation came in at 6.8% in May 2026, down from 7.2% the month before, above the BSP's 2–4% target band for a 3rd consecutive month. Core inflation stands at 4.1%. Food inflation is 5.7%. A year ago headline inflation was 1.3%. The trailing 12-month average — the basis of Konteksto's salary check — is 2.8%, against a 2025 full-year average of 1.7%. Rice inflation, a key driver of Filipino household budgets, is at 15.6%. Source: Philippine Statistics Authority (2018-based CPI). Next release: first week of next month.
Source: Konteksto — data from PSA, as of May 2026.