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LATEST COMMENTARY

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FIVE THINGS TO KNOW

7:23 AM5-minute read

ABOUT LINO CAYETANO AND THE CHANGE AT THE PCO

President Ferdinand Marcos Jr. announced on October 11 that Lino Cayetano would replace Dave Gomez at the Presidential Communications Office. He said Gomez had been bypassed by the Commission on Appointments and that the change would be formalized when they returned from Singapore.

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6:10 PM4-minute read

ABOUT THE DISPUTE OVER CHANGING THE ORDER OF IMPEACHMENT WITNESSES

The argument at Thursday’s impeachment hearing was about which witness the prosecution could present next. It began with an absent lawyer and became a dispute over preparation and notice. Understanding the exchange helps explain why a courtroom can pause even when the parties, documents and another potential witness are already in the building.

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3:01 PM3-minute read

ABOUT MARK VILLAR’S MOVE TO THE SENATE MAJORITY

Senator Mark Villar has formally left the Senate minority and joined the majority. The October 8 move strengthens the bloc supporting the chamber’s leadership and gives Villar two significant positions. Its implications for Sara Duterte’s impeachment trial, however, require more than counting political allies.

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9:56 AM4-minute read

ABOUT THE MANAGER’S CHECKS AND THE QUESTIONS OVER SARA DUTERTE’S SALN

A bank balance can fall even when the value represented by the money has not disappeared. That distinction sits behind the prosecution’s questions about manager’s checks in Sara Duterte’s impeachment trial. To understand the October 7 testimony, we need to follow the instrument, the person entitled to its value and the declaration of assets for the relevant year.

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9:08 PM3-minute read

ABOUT WHAT COA’S REJECTION OF THE OVP APPEAL MEANS

COA has rejected the request to reconsider the ₱73.287-million disallowance involving the Office of the Vice President’s December 2022 confidential expenses. The October 5 resolution became public on October 7. Its significance is easier to understand when the amount, the audit finding and the available legal remedies are kept separate.

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7:47 AM3-minute read

ABOUT WHAT BANK SECRECY PROTECTS IN AN IMPEACHMENT TRIAL

The arguments over bank records in Sara Duterte’s impeachment trial involve several protections. The privacy of a peso deposit, the protection of a foreign-currency deposit, and the confidentiality of a report sent to the AMLC come from different rules. Understanding those differences helps explain what the court has allowed and what remains in dispute.

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8:43 AM8-minute read

ABOUT THE AMLC RECORDS IN SARA DUTERTE’S IMPEACHMENT TRIAL

₱4.4 billion is a figure that can dominate a conversation before anyone asks what it counts. AMLC Executive Director Ronel Buenaventura presented that approximate total in the Senate impeachment court on October 5, covering reported transactions involving Vice President Sara Duterte and her husband, Manases Carpio. He also explained that a bank correction had reduced the earlier figure of ₱6.7 billion.

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6:44 PM5-minute read

ABOUT THE COINS.PH CASH-IN RESTRICTION AND WHAT USERS SHOULD CHECK

If you use Coins.ph to receive money or pay bills, a failed cash-in can disrupt plans for the day. Coins.ph has announced that some incoming peso services are temporarily unavailable following a BSP directive to improve its internal controls. Its advisory also identifies services that existing customers can still use.

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12:00 PM5-minute read

ABOUT THE PROPOSED RULES ON SECONDHAND PHONES

A secondhand phone can put a useful device within reach of someone who cannot afford a new one. The problem comes when the buyer has no clear information about where it came from, what condition it is in, or who will fix it if it fails.

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8:35 PM6-minute read

ABOUT THE SUPREME COURT’S DECISION ON THE IMPEACHMENT VOTE THRESHOLD

The Supreme Court dismissed three petitions on September 30 challenging how the Senate impeachment court would count the votes needed to convict Vice President Sara Duterte. The dismissal leaves the Senate’s September 23 ruling in place, but it needs to be read carefully. A case can be dismissed because it does not meet the requirements for the Court to hear it, without settling whether the challenged action is constitutional.

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6:12 AM6-minute read

ABOUT WHAT BASTE DUTERTE SHOULD HAVE CHECKED AS MAYOR

Davao City Mayor Sebastian “Baste” Duterte told the Senate impeachment court on September 29 that he had been unfamiliar with GenCorp Industries Inc. before it came up in the proceedings. He also said he did not know about Vice President Sara Duterte’s declared business interest in the company.

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10:45 PM7-minute read

ABOUT THE OCTOBER WATER-RATE INCREASES

Metro Manila households served by Maynilad and Manila Water will see slightly higher water charges beginning October 1. The announced increases are small for many residential customers, but the figures vary by concessionaire and consumption level. That makes it easy to misunderstand a notice expressed only in centavos per cubic meter.

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7:21 AM6-minute read

ABOUT THE NOTE HANDED TO GIBO TEODORO IN SEOUL

Defense Secretary Gilberto “Gibo” Teodoro Jr. was answering questions at the Seoul Defense Dialogue on September 8 when a man handed him a note. He read it aloud, challenged its rejection of the 2016 South China Sea ruling and objected to being interrupted that way.

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9:55 AM8-minute read

ABOUT EL NIÑO AND PREPARING FOR LESS RAIN

It can be raining outside while PAGASA warns about El Niño. That can sound confusing when the immediate problem is a wet road or a flooded field. The two warnings describe different periods: the weather happening now and the rainfall conditions that may develop over the coming months.

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5:30 AM8-minute read

ABOUT THE NEW ARREST WARRANTS AGAINST ZALDY CO, MARTIN ROMUALDEZ AND TWO OTHERS

The Sandiganbayan has ordered the arrest of Zaldy Co, Martin Romualdez and two other accused in the plunder case filed on September 7. By Monday evening, authorities had served Romualdez's warrant and carried out booking procedures at Cardinal Santos Medical Center in San Juan. His arrest is a confirmed development; it does not establish that his three co-accused are also in custody.

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3:15 PM8-minute read

ABOUT THE PLUNDER CASE AGAINST MARTIN ROMUALDEZ

The Office of the Ombudsman filed a plunder case against former House Speaker Martin Romualdez at the Sandiganbayan on September 7 over his alleged involvement in flood-control kickbacks. The accusations have now reached the court that will handle the criminal case. Romualdez denies wrongdoing and remains presumed innocent.

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1:18 PM7-minute read

ABOUT THE NEW SWS POVERTY NUMBERS

Self-rated poverty and food poverty declined in June, but the figures also show how many Filipino families remain under pressure and why lower household budgets do not necessarily mean life became cheaper.

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2:02 PM11-minute read

ABOUT THE CHILDREN'S SOCIAL MEDIA SAFETY ACT

House Bill No. 9965 would bar children below 13 from having social media accounts, require parental consent for users aged 13 to 17, regulate platform algorithms, and impose fines reaching P50 million. It is still being deliberated in the House.

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12:02 PM7-minute read

ABOUT THE SEALED BIR BOX

Marcos authorized the BIR to comply with the Senate subpoena. That did not open the records to the public or prove the unexplained-wealth allegation.

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MCT READER PULSE · MCT-PULSE-2026-014

MCT READER SURVEY

Sang-ayon ka ba sa desisyon ng prosekusyon na i-withdraw ang tatlo sa apat na impeachment article laban kay Sara Duterte at ituloy lamang ang Article II?

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This is an informal survey of people who choose to participate. It is not a scientific or nationally representative sample.

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August 6, 2026 · 12:50 PM8-minute read

ABOUT THE 6.2 PERCENT INFLATION RATE AND WHY PRICES STILL FEEL HIGH

What the 6.2 percent national rate measures, why lower-income households recorded 8.2 percent inflation, and what the figures mean for an ordinary family budget.

A Filipino market basket, jeepney and electricity bill illustrating why prices still feel high at 6.2 percent inflation.

The Philippine Statistics Authority reported that inflation slowed to 6.2 percent in July 2026 from 6.4 percent in June.

A lower inflation rate can sound as though goods have become cheaper. That is not what the figure means. The 6.2 percent rate compares the average prices recorded in July 2026 with those from July 2025. It also combines prices from different products and different parts of the country into one national number.

The full report gives a more detailed account. Food, utilities and transport remain among the largest sources of price pressure. Households in the bottom 30 percent of the income distribution experienced 8.2 percent inflation. Several regions also recorded rates above the national average.

These are five things to know when reading the July inflation report.

1

THE 6.2 PERCENT RATE MEASURES THE CHANGE OVER ONE YEAR

The July figure tells us that the average consumer basket was 6.2 percent more expensive than it was in July 2025.

If a basket cost ₱1,000 one year ago and followed the national inflation rate exactly, it would cost about ₱1,062 in July 2026.

The rate falling from 6.4 percent in June to 6.2 percent in July means the yearly increase became slightly slower. The prices already added during the previous months remain part of the amount consumers pay.

The PSA also publishes a seasonally adjusted comparison. This removes price movements that regularly happen at particular times of the year. After that adjustment, the national price index showed no increase between June and July.

The two measurements answer different questions. The 6.2 percent figure compares July with the same month last year. The flat monthly figure compares July with June after seasonal effects are removed. Together, they show that prices remained well above last year's level but did not increase further during the latest month.

For a household, the monthly pause prevents an immediate additional increase. It does not restore the buying power lost during earlier price increases.

WHAT TO WATCH

The PSA will release the August inflation report on September 4. The year-on-year rate will show whether inflation continued to slow. The seasonally adjusted monthly figure will show whether the pause in price increases lasted beyond July.

2

FOOD, HOUSING COSTS AND TRANSPORT PRODUCED MOST OF THE JULY INFLATION

Food and non-alcoholic beverages contributed 2.0 percentage points to the national inflation rate. Housing, water, electricity, gas and other fuels contributed 1.7 points. Transport contributed 1.1 points.

The three groups accounted for 4.8 percentage points of the 6.2 percent headline rate. That is more than three quarters of the total.

National food inflation was 5.3 percent. Housing, water, electricity, gas and other fuels rose by 8.2 percent. Transport prices were 11.9 percent higher than they were one year earlier.

Transport was also the main reason the national inflation rate slowed in July. Its yearly increase fell from 12.8 percent in June to 11.9 percent in July. The pressure eased, but transport remained one of the fastest-rising major expenses.

These categories appear regularly in household budgets. Families buy food throughout the month, use utilities at home and pay for travel to work or school. Higher transport costs can also enter the prices of goods moved from farms, ports and warehouses to local markets.

A household with a fixed budget must respond by buying fewer items, choosing cheaper substitutes or reducing spending elsewhere. This is why a small change in the national rate may not produce an obvious change in weekly expenses.

WHAT TO WATCH

Watch the September 4 report for changes in food, housing and transport. Weekly fuel adjustments, electricity and water rate announcements, and the prices of rice, fish and vegetables will help show whether the national slowdown is reaching frequently purchased essentials.

3

THE PSA RECORDED 8.2 PERCENT INFLATION FOR THE BOTTOM 30 PERCENT

The PSA calculates a separate inflation rate for households in the bottom 30 percent of the income distribution. This index uses a separate market basket and separate spending weights based on the goods commonly purchased by these households.

Their inflation rate increased from 8.0 percent in June to 8.2 percent in July. The national rate for all income households moved in the opposite direction, falling from 6.4 percent to 6.2 percent.

Food inflation for the bottom 30 percent reached 8.5 percent. Housing, water, electricity, gas and other fuels rose by 10.1 percent. Transport increased by 14.2 percent. The rice index was 19.3 percent higher than it was in July 2025.

Food and non-alcoholic beverages accounted for 54 percent of the inflation measured for this group. In the national index for all income households, the same category accounted for 32.1 percent.

The different market baskets explain why the two inflation rates can move differently. A household that spends a larger share of its budget on food and other essentials feels more of the increase when those items rise quickly.

For illustration, a ₱10,000 basket following the national rate would cost about ₱10,620 after one year. A ₱10,000 basket following the bottom 30 percent rate would cost about ₱10,820. Actual household purchases will differ from either PSA basket, but the example shows the size of the gap between the two measurements.

For a lower-income household, an additional expense of this size can reduce the money available for medicine, school costs, debt payments or savings.

WHAT TO WATCH

The next bottom 30 percent report will show whether inflation for this group begins to slow. The rice, fish, vegetable, transport and utility indices deserve particular attention because they account for a large part of the household budget and the measured increase.

4

THE NATIONAL RATE DOES NOT DESCRIBE EVERY REGION

Inflation in the National Capital Region was 4.4 percent in July. Outside Metro Manila, it was 6.7 percent.

Central Visayas recorded the highest regional rate at 8.7 percent. The Ilocos Region had the lowest at 5.1 percent.

The regional difference was wider for households in the bottom 30 percent. Their inflation rate was 4.5 percent in Metro Manila and 8.3 percent outside it. Central Visayas and the Davao Region both recorded 11.6 percent for this income group.

The national rate combines many local price movements into a single average. Households buy from nearby markets and pay the fares and utility rates available where they live. Their personal cost of living can therefore rise faster or slower than the national figure.

The national July release identifies the regional differences, but it does not establish one common cause for all of them. Understanding a particular region requires looking at its own food, transport, housing and utility indices.

For readers, the regional or provincial figure may provide a closer comparison with their household expenses than the national rate alone.

WHAT TO WATCH

Check the PSA's August report for your region or province. Read the local category increases alongside the regional headline. This will show whether the gap between Metro Manila and the rest of the country is narrowing or widening.

5

LOWERING INFLATION INVOLVES BOTH INTEREST RATES AND SUPPLY

The government's inflation target is 3 percent, with an acceptable range of 2 to 4 percent. The July headline rate of 6.2 percent remained above that range.

Core inflation was 4.2 percent. Core inflation removes selected food and energy products that can change sharply from month to month. Economists and the Bangko Sentral ng Pilipinas use it to examine price pressure beyond those volatile items.

The Monetary Board raised the BSP policy rate to 4.75 percent in June. Changes in the policy rate can pass through to bank lending and deposit rates. Higher borrowing costs can reduce spending and demand, which can help slow inflation over time.

The same policy can make some loans more expensive for households and businesses. The effect on an existing loan depends on its contract and whether its interest rate can be repriced.

Interest-rate policy also has limited reach over supply problems. It cannot directly increase rice production, lower international oil prices or remove transport bottlenecks. Food supply, fuel costs, electricity rates and logistics require action from other government agencies and industries.

Income is the final part of the household calculation. If a worker's income rises by 4 percent while household expenses rise by 6.2 percent, buying power still falls. A family begins to recover when its income grows faster than its own essential expenses.

WHAT TO WATCH

The Monetary Board will hold its next policy meeting on August 27. Its decision will indicate whether interest rates are likely to remain elevated. Also watch for measurable government action affecting food supply, fuel, transport and electricity, followed by the September 4 inflation report showing whether those pressures changed.

BOTTOM LINE

The 6.2 percent inflation rate shows that the yearly increase in average prices became slightly slower in July. The separate monthly measurement also shows that the national price index was flat between June and July after seasonal effects were removed. Prices remain higher than they were one year ago. Food, housing-related expenses and transport produced most of the July increase. The burden also differed by income and location: the bottom 30 percent recorded 8.2 percent inflation, while several regions experienced rates above the national average. The national headline is useful for tracking the country as a whole. A household will understand its own situation more clearly by also checking the prices it pays most often, its regional inflation rate and whether its income is keeping pace.

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