05.06.202601:00:00UTC+00Philippines Core CPI Ticks Up to 4.1% YoY in May, Edging Higher From April

Core consumer prices in the Philippines accelerated in May 2026, with year-over-year Core CPI rising to 4.1%, up from 3.9% in April 2026. The latest reading, updated on 5 June 2026, reflects price changes excluding volatile items and is measured against the same month a year earlier.

Under the year-over-year comparison, the “actual” figure for May captures how core prices in May 2026 differ from May 2025, while the “previous” figure for April measured the change between April 2026 and April 2025. The uptick from 3.9% to 4.1% suggests underlying inflationary pressures strengthened slightly heading into mid-2026.

The rise in core inflation will be closely watched by market participants and policymakers, as it provides a clearer view of persistent price trends than headline inflation, which can be more heavily influenced by temporary swings in food and energy costs.