The Bangko Sentral ng Pilipinas (BSP) said it expects inflation to remain within its target range in February, despite a possible uptick driven by higher oil and electricity prices.
In a statement released Friday, the BSP projected February inflation to settle between 2.3 percent and 3.1 percent, faster than the 2 percent recorded in January.
“Upward price pressures could stem from higher prices of rice and fish, elevated domestic petroleum prices, and increased electricity charges in Meralco-serviced areas,” the BSP said.
However, the central bank noted that these pressures may be partly offset by lower prices of vegetables, fruits and meat, as well as peso appreciation.
“The BSP will continue to monitor domestic and international developments to ensure that its policy settings remain consistent with the pursuit of price stability conducive with sustainable growth and employment,” it said.
February 2026 inflation data will be released by the Philippine Statistics Authority on March 5.
PNA PHOTO