In 2024, the Philippines’ inflation rate amounted to 3.21 percent. The Philippines are considered “newly industrialized”, but the economy relies on remittances from nationals overseas, and the services sector generates most of its GDP . Emerging and soon to develop?After switching from agriculture to services and manufacturing, the Philippines are now an emerging economy, i.e. the country has some characteristics of a developed nation but is not quite there yet. In order to transition into a developed nation, the Philippines must meet certain requirements, like being able to sustain their economic development, being very open to foreign investors, or maintaining a very high stability of the institutional framework (like law enforcement and the government). Only if these changes are irreversible can they be classified as a developed nation. The Philippines’ switch to servicesEver since the switch to services and manufacturing, employment in these areas has increased and the country is now among those with the highest employment in the tourism industry worldwide. This transition was not entirely voluntary but also due to decreasing government support, the liberalization of trade, and reform programs. Still, agriculture is important for the country: As of 2017, more than a quarter of Filipinos are still working in the agricultural sector, and urbanization has only increased very slightly over the last decade.

Philippines PH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 2.321 % in 2017. This records an increase from the previous number of 1.699 % for 2016. Philippines PH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 5.533 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 16.527 % in 1991 and a record low of -0.587 % in 2015. Philippines PH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

In December 2024, the inflation rate in the National Capital Region (NCR) or Metro Manila reached 3.1 percent, indicating an increase from the previous month. The region's inflation rate fluctuated that year, with the highest inflation rate recorded in July.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Cost of food in Philippines increased 0.90 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Philippines Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation, monthly percent change in the CPI in the Philippines, April, 2025 The most recent value is -0.39 percent as of April 2025, a decline compared to the previous value of -0.23 percent. Historically, the average for the Philippines from February 1994 to April 2025 is 0.37 percent. The minimum of -0.77 percent was recorded in January 2016, while the maximum of 3.43 percent was reached in January 2000. | TheGlobalEconomy.com

Philippines Core CPI data was reported at 127.600 2018=100 in Mar 2025. This records an increase from the previous number of 127.500 2018=100 for Feb 2025. Philippines Core CPI data is updated monthly, averaging 110.400 2018=100 from Jan 2018 (Median) to Mar 2025, with 87 observations. The data reached an all-time high of 127.600 2018=100 in Mar 2025 and a record low of 97.900 2018=100 in Jan 2018. Philippines Core CPI data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table.PH.I008: Core Inflation Rate: 2018=100.

Philippines DI: All Industries: Next Quarter: Avg Inflation Rate data was reported at 50.100 NA in Sep 2018. This records an increase from the previous number of 47.100 NA for Jun 2018. Philippines DI: All Industries: Next Quarter: Avg Inflation Rate data is updated quarterly, averaging 27.100 NA from Jun 2001 (Median) to Sep 2018, with 70 observations. The data reached an all-time high of 55.100 NA in Sep 2005 and a record low of -0.600 NA in Dec 2006. Philippines DI: All Industries: Next Quarter: Avg Inflation Rate data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.S003: Business Expectation Survey: Indices of Expectations on Economic Indicators.

Inflation, consumer prices (annual %) in Philippines was reported at 3.2126 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Le taux d'inflation aux Philippines est passé de 1,40 % en avril 2025 à 1,30 % en mai de la même année. Cette dataset fournit la dernière valeur rapportée pour le - Taux d'inflation aux Philippines - ainsi que les publications précédentes, les records historiques, les prévisions à court terme et les prédictions à long terme, le calendrier économique, le consensus des sondages et les actualités.

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

        A dataset of monthly food price inflation estimates (aggregated for all food products available in the data) is also available for all countries covered by this modeling exercise.

Geographic coverage notes

The data cover the following sub-national areas: Cordillera Administrative region, Region XIII, Region VI, Region V, Region III, Autonomous region in Muslim Mindanao, Region IV-A, Region VIII, Region VII, Region X, Region II, Region IV-B, Region XII, Region XI, Region I, National Capital region, Region IX, Market Average

Headline Inflation Rate data was reported at 4.000 % in Dec 2011. This records a decrease from the previous number of 4.700 % for Nov 2011. Headline Inflation Rate data is updated monthly, averaging 7.000 % from Jan 1958 (Median) to Dec 2011, with 648 observations. The data reached an all-time high of 62.800 % in Sep 1984 and a record low of -2.140 % in May 1959. Headline Inflation Rate data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I029: Headline Consumer Price Index: 2000=100. Rebased from 2000=100 to 2006=100 Replacement series ID: 249414101

As of June 2022, the ongoing inflation posed the biggest risk to the ASEAN-5 economies. In the Philippines, the risk was particularly high, reaching an index score of 93 out of 100. In Thailand, all three leading economic risks were evaluated with scores of 60 or over, with the Chinese economic slowdown being as much of a concern for Thailand's economy as the inflation.

CPI Housing Utilities in Philippines remained unchanged at 122.60 points in May. This dataset provides - Philippines Cpi Housing & Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core Inflation Rate: excl Selected Food and Energy Items: 1994=100 data was reported at 7.600 % in Dec 2004. This records an increase from the previous number of 7.300 % for Nov 2004. Core Inflation Rate: excl Selected Food and Energy Items: 1994=100 data is updated monthly, averaging 3.600 % from Jan 2003 (Median) to Dec 2004, with 24 observations. The data reached an all-time high of 7.600 % in Dec 2004 and a record low of 2.400 % in May 2003. Core Inflation Rate: excl Selected Food and Energy Items: 1994=100 data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I042: Core Inflation Rate: 1994=100. Rebased from 1994=100 to 2000=100 Replacement series ID: 34619001

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from 31 percent inflation in Laos to 0.37 percent inflation in Brunei Darussalam. While countries like Vietnam are likely benefitting from more stable inflation than earlier seen, only a few countries are in the 2 to 6 percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.

L'indice des prix à la consommation aux Philippines a diminué de 0,10 % en mai 2025 par rapport au mois précédent. Cette dataset fournit la dernière valeur rapportée pour le taux d'inflation mensuel aux Philippines, ainsi que les publications antérieures, les records historiques, les prévisions à court terme et à long terme, le calendrier économique, le consensus des sondages et les actualités.

The growth of the real gross domestic product (GDP) in the Philippines amounts to approximately 5.48 percent in 2025.Fluctuating rise between 1980 and 2025A total increase by approximately 0.33 percentage points can be seen between 1980 and 2025. This increase however did not happen continuously.Continuous rise between 2025 and 2030The growth will be roughly 6.30 percent in 2030, according to forecasts. This indicates an overall increase by approximately 0.82 percentage points since 2025. This growth reflects a steady upward trend.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Philippines CES: Areas Outside NCR (AONCR): Next 12 Mth: Inflation Rate data was reported at 5.100 % in Dec 2018. This records an increase from the previous number of 4.900 % for Sep 2018. Philippines CES: Areas Outside NCR (AONCR): Next 12 Mth: Inflation Rate data is updated quarterly, averaging 7.000 % from Mar 2007 (Median) to Dec 2018, with 48 observations. The data reached an all-time high of 12.100 % in Sep 2008 and a record low of 1.800 % in Sep 2016. Philippines CES: Areas Outside NCR (AONCR): Next 12 Mth: Inflation Rate data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.H009: Consumer Expectation Survey: Outlook on Selected Economic Indicators.

Philippines GNP for 2023 was 496.17 billion US dollars, a 8.57% increase from 2022.

<ul style='margin-top:20px;'>

<li>Philippines GNP for 2022 was <strong>457.00 billion US dollars</strong>, a <strong>13.06% increase</strong> from 2021.</li>
<li>Philippines GNP for 2021 was <strong>404.20 billion US dollars</strong>, a <strong>7.55% increase</strong> from 2020.</li>
<li>Philippines GNP for 2020 was <strong>375.81 billion US dollars</strong>, a <strong>9.71% decline</strong> from 2019.</li>
</ul>GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.