According to data from the Philippine Statistics Authority, prices of key food commodities fell month on month during the May 15 to 17 period, as reported by BusinessWorld . Red onion posted the largest drop among food items at 8.2%, falling to P138.57 from P150.92 in the second phase of April.
Other commodities also saw price declines during the period, reflecting broader easing in food costs. The PSA monitors a basket of key agricultural products to track inflation trends affecting consumers and producers alike.
The drop in prices provides some relief to Filipino households and may influence monetary policy decisions as the central bank monitors inflationary pressures. Further updates on commodity trends are expected in the next PSA report.