FX.co ★ Philippines Core Inflation Ticks Up to 4.4% in June, Reversing Prior Slowdown

Core consumer prices in the Philippines accelerated in June 2026, with the Core CPI rising 4.4% year-over-year, up from 4.1% in May 2026. The latest data, updated on 7 July 2026, indicate a modest reacceleration in underlying inflationary pressures after a brief easing in the previous month.

Measured on a year-over-year basis, the “actual” June reading compares price growth in June 2026 with June 2025, while the “previous” May figure reflects the change between May 2026 and May 2025. The uptick suggests that, despite earlier signs of cooling, core inflation remains relatively firm and could keep attention focused on price stability in the months ahead.

The move from 4.1% to 4.4% highlights that disinflation momentum has stalled for now, and market participants will be watching upcoming data closely for clues on whether this is a temporary blip or the start of a renewed inflation trend.