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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines CPI MoM fell to -0.5% in May 2026
FMPMonthlyReleased June 2026
Philippines CPI MoM fell to -0.5% in May 2026, released June 2026, down 3.1% from April's 2.6% reading. The print came in cooler than the 0.2% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of 2.0%.
Latest Release
-0.5
Actual
0.2
Consensus
2.6
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Philippines) was reported at -0.5% in June 2026. This missed the market consensus of 0.2% by 0.7%. The reading fell from the previous value of 2.6%. Trailing 12-month context per ETL data through June 2026.
WHAT TO WATCH NEXT
The next release is scheduled for July 7, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CPI MoM - PH
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About CPI MoM — Philippines
DEFINITION
The Philippines' CPI MoM for June came in at -0.500000%, missing the 0.200000% estimate and down sharply from May's 2.600000%. This marks a significant month-over-month deflation following a strong inflation reading in May. Market focus will remain on central bank policy amid this unexpected price decline. Updated 6/5/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual -0.5 %, consensus 0.2 %. Prior reading (Apr 2026): 2.6 %. Before that (Mar 2026): 1.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection.
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EXPECTED ZONE
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