Manila: The Bangko Sentral ng Pilipinas (BSP) anticipates that inflation will remain within target in February, despite a potential rise due to increased oil and electricity prices.

According to Philippines News Agency, the BSP forecasts February inflation to fall within a range of 2.3 percent to 3.1 percent, a slight increase from the 2 percent recorded in January. The central bank identified potential upward pressures on prices, including higher costs of rice and fish, increased domestic petroleum prices, and elevated electricity charges in areas serviced by Meralco.

The BSP noted, however, that these pressures might be counterbalanced by lower prices of vegetables, fruits, and meat, along with the appreciation of the peso. The bank emphasized its commitment to monitoring both domestic and international developments to ensure that its policy settings align with maintaining price stability that supports sustainable growth and employment.

The Philippine Statistics Authority is scheduled to release the official February 2026 inflation data on March 5.