Marcos admin maintained low inflation, strong economy in 2025 – Recto

The administration of President Ferdinand “Bongbong” Marcos Jr. has maintained the inflation under control and the economy continues to grow in 2025 which benefited members of the vulnerable sector, Executive Secretary Ralph Recto said Sunday.

Recto cited that inflation plummeted from 3.4% in 2024 to 1.6% from January to November 2025. This is a sharp decline from the 5.8% in 2022 and 6.0% highs seen in 2023.

Further, inflation for the bottom 30% of income households fell to -0.2% in November 2025, marking six months of price contraction for the most vulnerable.

“To put this in perspective, a 6% inflation rate means that your PHP 100 can buy only about PHP 94 worth of goods and services. But with inflation down to just 1.6% in 2025, that same PHP 100 can now buy about PHP 98.4 worth of goods and services,” Recto said in a statement. 

“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.

(That is why this is so important for every Filipino family, especially people with low income. When inflation is low, we are able to keep the prices of basic commodities affordable, especially food.) 

The Marcos administration also boasted that the public benefited from the directive dropping the price of rice down to P20 per kilo, a 50% reduction from 2022 averages.

When it comes to international standing, Recto noted that the S&P Global Ratings reaffirmed the Philippines' 'BBB+' investment-grade rating with a "Positive Outlook," because of the country’s low-inflation environment. 

Recto also cited positive outlooks on the Philippines with a projected GDP growth of 5% by the Asian Development Bank. Meanwhile, the International Monetary Fund projected an expansion of 5.6% growth in 2026, which is higher than the earlier projection of 5.1% in 2025. 

“The Philippines’ projected expansion is also higher compared to the 4.2% average growth for ASEAN-5 in 2025. In fact, it is second best among its peers, following Vietnam at 6.5% and higher than Indonesia at 4.9%, Malaysia at 4.5%, Singapore at 2.2%, and Thailand at 2%,” the Office of the Executive Secretary said.

“By 2026, the IMF projects the Philippines to be the fastest-growing economy in ASEAN, tied with Vietnam at 5.6% growth.” — Vince Angelo Ferreras/RF, GMA Integrated News