FX.co ★ Philippines Inflation Momentum Cools Sharply in February as MoM CPI Slips to 0.2%

Inflationary pressures in the Philippines eased notably in February 2026, with the country’s month‑on‑month Consumer Price Index (CPI) rising by just 0.2%, down from a 0.8% increase in January 2026. The latest data, updated on 5 March 2026, indicate a clear moderation in short‑term price momentum.

On a month‑on‑month basis, February’s 0.2% reading compares the change in prices to January, while January’s previously reported 0.8% increase reflected the price change versus December. The sharp slowdown suggests that some of the drivers that pushed prices higher at the start of the year have eased, offering a measure of relief to consumers and potentially giving policymakers more room to assess the trajectory of inflation in the months ahead.