Inflation Rate in Philippines increased to 1.40 percent in June from 1.30 percent in May of 2025. This dataset provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to a 2023 survey by Rakuten Insight on inflation in the Philippines, the majority of respondents indicated that their ability to pay for basic necessities such as food, clothing, healthcare was affected by inflation. Meanwhile, around ** percent of survey participants said they were unable to save due to inflation.

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 inflation rate for 2024 was 3.21%, a 2.77% decline from 2023.

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

<li>Philippines inflation rate for 2023 was <strong>5.98%</strong>, a <strong>0.16% increase</strong> from 2022.</li>
<li>Philippines inflation rate for 2022 was <strong>5.82%</strong>, a <strong>1.89% increase</strong> from 2021.</li>
<li>Philippines inflation rate for 2021 was <strong>3.93%</strong>, a <strong>1.53% increase</strong> from 2020.</li>
</ul>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 0.40 percent in June 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.

Core consumer prices in Philippines increased 2.20 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Philippines Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Inflation, consumer prices for the Philippines (FPCPITOTLZGPHL) from 1960 to 2024 about Philippines, consumer, CPI, inflation, price index, indexes, and price.

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.

Philippines DI: All Industries: Current Qtr: Inflation Rate Expectations data was reported at 3.168 % in Mar 2025. This records a decrease from the previous number of 3.588 % for Dec 2024. Philippines DI: All Industries: Current Qtr: Inflation Rate Expectations data is updated quarterly, averaging 3.641 % from Jun 2013 (Median) to Mar 2025, with 47 observations. The data reached an all-time high of 7.229 % in Jun 2023 and a record low of 1.520 % in Sep 2016. Philippines DI: All Industries: Current Qtr: Inflation Rate Expectations 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.S004: Business Expectation Survey: Indices of Expectations on Economic Indicators.

This dataset is about countries per year in Philippines. It has 1 row and is filtered where the date is 2023. It features 4 columns: country, GDP, and inflation.

Philippines DI: All Industries: Next 12 Months: Avg Inflation Rate data was reported at 42.598 NA in Mar 2025. This records an increase from the previous number of 17.562 NA for Dec 2024. Philippines DI: All Industries: Next 12 Months: Avg Inflation Rate data is updated quarterly, averaging 19.962 NA from Sep 2019 (Median) to Mar 2025, with 22 observations. The data reached an all-time high of 42.598 NA in Mar 2025 and a record low of -0.614 NA in Sep 2023. Philippines DI: All Industries: Next 12 Months: 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.S004: Business Expectation Survey: Indices of Expectations on Economic Indicators.

Philippines Core Consumer Price Index (CPI): YoY data was reported at 2.200 % in Mar 2025. This records a decrease from the previous number of 2.400 % for Feb 2025. Philippines Core Consumer Price Index (CPI): YoY data is updated monthly, averaging 3.400 % from Jan 2019 (Median) to Mar 2025, with 75 observations. The data reached an all-time high of 8.000 % in Mar 2023 and a record low of 1.800 % in Jan 2022. Philippines Core Consumer Price Index (CPI): YoY 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.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

According to a 2023 survey by Rakuten Insight on inflation in the Philippines, the majority of respondents indicated that they were most affected by the increase of groceries prices. Price increase in fuel and gas was also impactful to Filipino consumers, as stated by ** percent of respondents.

Unemployment Rate in Philippines decreased to 3.90 percent in May from 4.10 percent in April of 2025. This dataset provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Manila. Based on the latest 2018-2022 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Manila. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2022

In terms of income distribution across age cohorts, in Manila, the median household income stands at $153,028 for householders within the 25 to 44 years age group, followed by $63,815 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $39,951.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Manila median household income by age. You can refer the same here

According to a 2023 survey by Rakuten Insight on inflation in the Philippines, around ** percent of respondents indicated that they checked prices before buying due to rising costs. Moreover, around ** percent of survey participants admitted inflation made them change to cheaper brands.

Key information about House Prices Growth

• Philippines house prices dropped 2.3% YoY in Sep 2024, following an increase of 2.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2015 to Sep 2024, with an average growth rate of 4.5%.
• House price data reached an all-time high of 26.6% in Jun 2020 and a record low of -9.4% in Jun 2021.

Malaysia Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Philippine Peso data was reported at 0.230 % in 12 May 2025. This stayed constant from the previous number of 0.230 % for 05 May 2025. Malaysia Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Philippine Peso data is updated weekly, averaging 0.173 % from Oct 2020 (Median) to 12 May 2025, with 239 observations. The data reached an all-time high of 11.881 % in 31 Jan 2022 and a record low of 0.000 % in 11 Dec 2023. Malaysia Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Philippine Peso data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Headline.

In 2024, the average inflation rate of all commodities in the Philippines amounted to 3.2 percent, about 50 percent less from the previous year. Since 2019, the highest inflation rate in the country was recorded in January 2023.