MANILA — The Bangko Sentral ng Pilipinas (BSP) projects November 2025 inflation to settle between 1.1 percent and 1.9 percent, citing both upward and downward price pressures during the month.

According to the central bank, higher prices of rice, fish, and fruits due to inclement weather contributed to inflationary pressures. The BSP said rising electricity and oil prices, along with the peso depreciation, may have also added to the uptick.

These factors, however, could be partly offset by lower prices of meat and vegetables.

The BSP said it will continue to monitor domestic and global developments affecting the inflation and growth outlook “in line with its data-dependent approach to monetary policy formulation.”