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Motorcycle riders wait at an intersection in Metro Manila on May 3, 2026, as the government suspends the onboarding of new TNVS and motorcycle taxi drivers.
The STAR / Edd Gumban
MANILA, Philippines — Philippine inflation surged to 7.2% in April, its fastest pace since March 2023, as higher food, transport and household costs pushed price growth well above expectations.
The Philippine Statistics Authority said Tuesday, May 5, that headline inflation rose from 4.1% in March and 1.4% in April 2025.
The latest figure brought average inflation from January to April to 3.9%, according to the PSA.
Economists Reuters polled had expected April inflation to come in at 5.5%, making the actual rate a sharper-than-expected acceleration.
Food, transport drive spike. The PSA attributed the faster increase to higher prices of food and beverages, transport and household costs.
The jump marks a sharp reversal from March and puts renewed pressure on consumers already dealing with higher fuel, electricity and basic commodity costs.
Core inflation, which excludes volatile food and energy prices, stood at 3.9% in April.
This is a developing story. Check back for updates.
