Malacañang said President Ferdinand “Bongbong” Marcos Jr.’s economic playbook is delivering where it matters most—shielding Filipino households from rising prices while keeping growth on track.
Executive Secretary Ralph Recto reported that inflation eased to 1.6% from January to November 2025, down from 3.4% last year and far below the 5.8% in 2022 and 6.0% in 2023 at the start of the Marcos administration.
Recto explained the impact on household spending: “To put this in perspective, a 6% inflation rate means that your ₱100 can buy only about ₱94 worth of goods and services. But with inflation down to just 1.6% in 2025, that same ₱100 can now buy about ₱98.4 worth of goods and services.”
“Kaya napakahalaga nito para sa bawat pamilyang Pilipino, lalo na ang mga mahihirap. Kapag mababa ang inflation, napapanatili natin na abot-kaya ang mga pangunahing bilihin, lalo na ang pagkain,” he added.
Following the President’s directive, the Department of Agriculture pushed rice prices down to ₱20 per kilo—about half the 2022 average—providing direct relief to low-income families.
The effect has been tangible: inflation for the bottom 30% of households fell to -0.2% in November 2025, marking six straight months of contraction.
Investor confidence has also strengthened, with S&P Global Ratings reaffirming the Philippines’ BBB+ high investment-grade rating with a Positive Outlook, citing low and stable inflation.
With prices cooling, the Bangko Sentral ng Pilipinas has room to recalibrate interest rates to support spending and business activity, while reforms continue to attract private investment, especially in agriculture.
Growth prospects remain solid. The Asian Development Bank projects 5% GDP growth, while the World Bank and IMF see 5.1% expansion in 2025—outpacing advanced economies and the ASEAN-5 average. By 2026, the IMF projects the Philippines to top ASEAN growth rankings, tied with Vietnam at 5.6%.