FX.co ★ Philippines Core CPI Edges Up to 2.9% in February, Ending Downtrend

Core consumer price inflation in the Philippines ticked higher in February 2026, with the year-over-year rate rising to 2.9%, up from 2.8% in January 2026. The latest data, updated on 5 March 2026, mark a slight acceleration in underlying price pressures after the prior month’s reading.

Both the current and previous figures reflect year-over-year comparisons, measuring how prices in each respective month changed relative to the same month a year earlier. The February uptick, while modest, suggests that core inflation—stripped of more volatile components—may be stabilizing or firming after earlier easing, a development that policymakers and investors will be watching closely for implications on future monetary policy and price dynamics.