Gov’t projects 2.9% to 3.1% inflation rate in 2025
Manila: The country’s economic managers are optimistic that inflation would further ease in 2025, projecting it to be 2.9 percent to 3.1 percent, Finance Secretary Ralph Recto said Tuesday. ‘We expect inflation to be 2.9 to 3.1 percent next year. So, even lower than this year,’ Recto said in a Palace press briefing. Recto also expressed confidence that inflation would decrease further to 2.5 percent in September this year. Despite external headwinds such as the Middle East crisis and oil price increases, Recto said the government is ‘on track’ to achieve its inflation target for September 2024. The country’s inflation