PHILIPPINE INFLATION HITS 7.2 % AS GDP GROWTH SLOWS TO 2.3 %

What happened: Philippine inflation rose to 7.2% in September from 6.1% in August, while GDP growth slowed to 2.3% in the second quarter of 2026. Key numbers: Inflation 7.2% in September, 6.1% in August. GDP growth 2.3% in Q2 2026. Household consumption growth 2.8%. IMF forecast 3.4% for 2026, 5.1% for 2027. Why it matters: The IMF lowered its 2026 growth forecast, and the BSP is expected to raise rates further, though the content notes monetary tools cannot resolve logistics, supply chain, or infrastructure issues.

Philippine inflation rose to 7.2% in September from 6.1% in August, while GDP growth slowed to 2.3% in the second quarter of 2026.

The IMF lowered its 2026 growth forecast, and the BSP is expected to raise rates further, though the content notes monetary tools cannot resolve logistics, supply chain, or infrastructure issues.