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Prices May Rise Just a Bit in May, Says PH Central Bank

The Bangko Sentral ng Pilipinas — or BSP, which is the country’s main bank that helps control money and prices — just gave us an update about how prices moved in May 2025.

And guess what? 📉
They think prices barely went up at all!

🔢 What’s Inflation Anyway?

Inflation is a big word that means:
👉 How much prices go up for things we buy — like food, clothes, gas, and electricity.
If inflation is high, things get more expensive fast.
If it’s low, prices stay mostly the same or go up just a tiny bit.

🧮 What Did BSP Say?

The BSP said they believe inflation in May was between 0.9% and 1.7%. That means the price of goods only went up a little bit.

That’s still below 2%, which is very low — and good for most people because:

You can buy more things with the same amount of money
It’s easier for families to budget and save
Businesses can plan better

💡 Why Did Prices Stay Low?

The BSP said a few reasons helped keep inflation low:

✅ More supply of food and other items inside the country
✅ Cheaper oil prices (good for gas and transport)
✅ Lower electricity bills
✅ The Philippine peso got stronger compared to other currencies (helping imports cost less)

🍅 But Wait — Not Everything Got Cheaper!

Even though many prices stayed low, the BSP warned that:

⚠️ Vegetables and meat got a bit more expensive in some areas.

So while the total inflation is still low, some people might have noticed higher prices at the market for food items.

📈 What Happens Next?

The Monetary Board, the group in charge of making money-related decisions in the country, said:

They will move slowly and carefully when it comes to changing money rules.
Their main goal is to keep prices stable while helping the economy grow and giving people more jobs.

In short, they want to make sure:

💸 Prices don’t jump too high
📉 Growth doesn’t slow down too much
👨‍👩‍👧‍👦 People can afford what they need