The Philippines’ headline inflation eased to 1.5% in November 2025, down from 1.7% in October, the Philippine Statistics Authority reported.

Meanwhile, the year-to-date average inflation stands at 1.6%.

Slower price increases in food and non-alcoholic beverages, which rose just 0.1%, were the main factor behind the moderation. Other contributing sectors included furnishings, household equipment, and routine household maintenance, up 2.0%.

Housing, utilities, and fuels remained the largest contributors to overall inflation at 2.9%, followed by restaurants and accommodation services (2.6%) and transport (1.7%). Key items influencing inflation included pork, vegetables, onions, coffee, diesel, and ship fares.

Core inflation, which excludes volatile food and energy prices, eased slightly to 2.4%.

Regionally, the National Capital Region recorded 2.8% inflation, while areas outside NCR slowed to 1.2%. Central Visayas had the highest regional inflation at 3.3%, and the Bangsamoro Autonomous Region in Muslim Mindanao saw deflation at -1.4%.

Inflation for the bottom 30% income households was -0.2%, mainly due to smaller declines in food prices offset by rising costs in housing and transport.