FX.co ★ Philippines Core CPI Eases to 4.2% in July, Extending Disinflation Trend

Core consumer price inflation in the Philippines slowed to 4.2% year-over-year in July 2026, down from 4.4% in June 2026, according to data updated on 5 August 2026. The figures are calculated on an annual comparison basis, with each month’s reading measured against the same month a year earlier.

The July print marks a modest continuation of the disinflation trend seen in recent months, suggesting underlying price pressures in the economy may be gradually easing. The previous month’s core CPI reading of 4.4% in June was likewise based on a year-over-year comparison, aligning with the methodology used for the latest data.

While still elevated by historical standards, the incremental decline in the core inflation rate will be closely watched by investors and policymakers assessing the trajectory of prices and the potential implications for future monetary policy decisions in the Philippines.