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

In 2024, the consumer price index (CPI) of food in the Philippines was about ** points higher compared to the base year 2018. The food prices in the country have significantly increased in the observed period. The CPI is a measure of the average change over time in the prices paid by consumers for consumer goods.

Philippines - Food Security and Nutrition Indicators

Food Security and Nutrition Data Dashboard for Philippines

FAO statistics collates and disseminates food and agricultural statistics globally. The division develops methodologies and standards for data collection, and holds regular meetings and workshops to support member countries develop statistical systems. We produce publications, working papers and statistical yearbooks that cover food security, prices, production and trade and agri-environmental statistics.

Cost of food in Philippines increased 0.50 percent in October 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.

As of January 2024, the prices of essential goods in the Philippines increased compared to the same month in the previous year. Except for rice, most basic goods noted a significant increase in prices. For instance, the price of six kilograms of meat rose from nearly 1,600 Philippine pesos in 2022 to 1,843 Philippine pesos in 2024. In addition, the cost of eight kilograms of vegetables increased from 698 to 857 Philippine pesos.

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.

Geographic coverage notes

The data cover the following areas: Afghanistan, Armenia, Bangladesh, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo, Dem. Rep., Congo, Rep., Gambia, The, Guinea, Guinea-Bissau, Haiti, Indonesia, Iraq, Kenya, Lao PDR, Lebanon, Liberia, Libya, Malawi, Mali, Mauritania, Mozambique, Myanmar, Niger, Nigeria, Philippines, Senegal, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Yemen, Rep.

In 2024, after five years of growth, there was significant decline in the Philippine canned food market, when its value decreased by -17.2% to $3B. In general, the total consumption indicated a perceptible increase from 2012 to 2024: its value increased at an average annual rate of +2.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In 2024, the consumer price index (CPI) of rice in the Philippines was ** points higher compared to the base year 2018. The price of rice in the country peaked in the current year. The CPI is a measure of the average change over time in the prices paid by consumers for consumer goods.

For the third year in a row, the Philippine baby food market recorded decline in sales value, which decreased by -6.3% to $423M in 2024. Overall, the total consumption indicated a temperate expansion from 2012 to 2024: its value increased at an average annual rate of +2.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +12.4% against 2020 indices.

Philippines Consumer Price Index (CPI): AOMM: Food: FV: Veg: Fruit Vegetables data was reported at 204.300 2000=100 in Dec 2011. This records a decrease from the previous number of 211.700 2000=100 for Nov 2011. Philippines Consumer Price Index (CPI): AOMM: Food: FV: Veg: Fruit Vegetables data is updated monthly, averaging 107.600 2000=100 from Jan 1994 (Median) to Dec 2011, with 216 observations. The data reached an all-time high of 211.700 2000=100 in Nov 2011 and a record low of 52.000 2000=100 in May 1994. Philippines Consumer Price Index (CPI): AOMM: Food: FV: Veg: Fruit Vegetables data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I036: Consumer Price Index: 2000=100: Area Outside Metro Manila.

Philippines Consumer Price Index (CPI): Weights: Food: Cereal Preparation (CP) data was reported at 3.039 % in 2013. This stayed constant from the previous number of 3.039 % for 2012. Philippines Consumer Price Index (CPI): Weights: Food: Cereal Preparation (CP) data is updated yearly, averaging 3.039 % from Dec 1994 (Median) to 2013, with 20 observations. The data reached an all-time high of 3.039 % in 2013 and a record low of 3.039 % in 2013. Philippines Consumer Price Index (CPI): Weights: Food: Cereal Preparation (CP) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I032: Consumer Price Index: 2000=100: By Weights: Annual.

Imports of non-domestic equipment for cooking or heating food in the Philippines totaled X units in 2017, stabilizing at the previous year. In general, imports of non-domestic equipment for cooking or heating food continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year.

The Southeast Asia food service market is experiencing robust growth, driven by factors such as rising disposable incomes, rapid urbanization, and a burgeoning young population with evolving dietary preferences. The increasing popularity of quick-service restaurants (QSRs) and cafes, particularly those offering diverse cuisines and convenient delivery options, is significantly contributing to market expansion. While full-service restaurants (FSRs) maintain a presence, the QSR segment demonstrates faster growth, reflecting a shift towards affordability and speed. The market is highly fragmented, with both international chains and local players competing for market share. Specific segments like cafes and bars, including those specializing in coffee, tea, juices, and desserts, are witnessing strong traction, indicating a consumer preference for diverse experiences and healthier options. The rise of cloud kitchens further fuels market growth, providing cost-effective models for food delivery services and expanding access to a wider range of cuisines. However, challenges remain, such as volatile ingredient prices, fluctuating currency exchange rates, and intense competition within the industry. Further market segmentation by cuisine type (e.g., Asian, European) and location (e.g., standalone, retail) offers opportunities for specialized service providers to gain a competitive advantage. The sustained growth trajectory projects a promising future for the Southeast Asia food service market, though strategic adaptation to evolving consumer demands and economic factors is crucial for long-term success. The dominance of chained outlets highlights the influence of established brands, yet independent outlets retain a significant presence, suggesting ample opportunities for local entrepreneurship. Growth is not uniform across the region, with key markets like Indonesia, Thailand, and the Philippines demonstrating strong performance due to high population densities and growing middle classes. The tourism sector plays a vital role, boosting demand in leisure and lodging locations. Government regulations concerning food safety and hygiene standards also shape the industry landscape, encouraging investment in modern facilities and standardized operations. The future of the Southeast Asian food service market hinges on leveraging technological advancements, embracing sustainable practices, and tailoring offerings to the unique cultural tastes of the diverse consumer base. This necessitates continuous innovation in menus, service delivery, and operational efficiencies to maintain competitiveness and capitalize on the growth potential. Recent developments include: October 2023: Starbucks launched two new drinks with the addition of ice cream in the Philippines.May 2023: Starbucks inaugurated the latest rustic finish store in Bird Paradise, and the structure of the store is designed like a wooden hut.May 2023: Inspire Brands, Inc. launched new butter variants to its Butternut portfolio. These variants include the Plain Butternut, Choco Almond Butternut, Ube Cheese Butternut, Strawberry Butternut, Cheesy Butternut, and Choco Butternut.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Discover the booming Philippines pet food market! This comprehensive analysis reveals a CAGR of 4.30%, driven by rising pet ownership and premiumization. Explore market segmentation, key players (ADM, Mars, Nestle), and growth projections to 2033. Recent developments include: July 2023: Hill's Pet Nutrition introduced its new MSC (Marine Stewardship Council) certified pollock and insect protein products for pets with sensitive stomachs and skin lines. They contain vitamins, omega-3 fatty acids, and antioxidants.May 2023: Nestle Purina launched new cat treats under the Friskies "Friskies Playfuls - treats" brand. These treats are round in shape and are available in chicken and liver and salmon and shrimp flavors for adult cats.April 2023: Mars Incorporated opened its first pet food research and development center in Asia-Pacific. This new facility, called the APAC pet center, will support the company's product development.. Key drivers for this market are: Increased Demand for Meat, Initiatives By the Key Players; Focus on Animal nutrition and Health. Potential restraints include: Shift Toward Vegan- Based Diet, Changing Raw Material Prices and Strict Government Rules to Restrict Market Growth. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

In 2024, after three years of growth, there was significant decline in the Philippine food mixer market, when its value decreased by -28.8% to $19M. In general, consumption, however, continues to indicate prominent growth. Food mixer consumption peaked at $27M in 2023, and then contracted rapidly in the following year.

Philippines Producers Price Index: Food: Processed Fruits & Vegetables data was reported at 162.847 2000=100 in Sep 2018. This records a decrease from the previous number of 163.044 2000=100 for Aug 2018. Philippines Producers Price Index: Food: Processed Fruits & Vegetables data is updated monthly, averaging 154.800 2000=100 from Jan 2001 (Median) to Sep 2018, with 213 observations. The data reached an all-time high of 172.342 2000=100 in Feb 2016 and a record low of 105.300 2000=100 in Feb 2001. Philippines Producers Price Index: Food: Processed Fruits & Vegetables data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I052: Producer Price Index: 2000=100.

Statistics illustrates consumption, production, prices, and trade of Domestic Food Grinders and Mixers and Fruit or Vegetable Juice Extractors in the Philippines from 2007 to 2024.

Philippines RPI: Food: Fruits and Vegetables: Others data was reported at 1,298.970 1978=100 in Sep 2009. This records an increase from the previous number of 1,295.240 1978=100 for Aug 2009. Philippines RPI: Food: Fruits and Vegetables: Others data is updated monthly, averaging 876.530 1978=100 from Jan 1990 (Median) to Sep 2009, with 237 observations. The data reached an all-time high of 1,298.970 1978=100 in Sep 2009 and a record low of 499.460 1978=100 in Jun 1990. Philippines RPI: Food: Fruits and Vegetables: Others data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I059: Retail Price Index: 1978=100: Metro Manila.

Philippines Producers Price Index: Food: Milk & Dairy Products data was reported at 212.633 2000=100 in Sep 2018. This stayed constant from the previous number of 212.633 2000=100 for Aug 2018. Philippines Producers Price Index: Food: Milk & Dairy Products data is updated monthly, averaging 174.700 2000=100 from Jan 2001 (Median) to Sep 2018, with 213 observations. The data reached an all-time high of 212.633 2000=100 in Sep 2018 and a record low of 106.900 2000=100 in Feb 2001. Philippines Producers Price Index: Food: Milk & Dairy Products data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.I052: Producer Price Index: 2000=100.

21 Global import shipment records of Ready To Eat Food with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.