Inflation Rate in Philippines decreased to 1.30 percent in May from 1.40 percent in April 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.

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 2023 was 5.98%, a 0.16% increase from 2022.

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

<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>
<li>Philippines inflation rate for 2020 was <strong>2.39%</strong>, a <strong>0% increase</strong> from 2019.</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.

The Consumer Price Index in Philippines decreased 0.10 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - Philippines Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Core consumer prices in Philippines increased 2.20 percent in May 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.

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.

As of December 2024, the inflation rate for all commodities in the Philippines reached 2.9 percent, reflecting a significant decrease from the same month of the previous years. The country's inflation rate in 2024 was the lowest in September.

The Philippines: Inflation forecast: The latest value from 2030 is 3 percent, unchanged from 3 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for the Philippines from 1980 to 2030 is 6.92 percent. The minimum value, -0.34 percent, was reached in 1986 while the maximum of 50.83 percent was recorded in 1984.

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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in the Philippines was 1.43 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 1.75 percent. Compared to a year ago, we see a decrease from...

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.; ;

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.

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.

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

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Philippines was 1.75 pour cent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.07 pour cent. Compared to a year ago, we see a decrease from...

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

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.

According to a 2023 survey by Rakuten Insight on inflation in the Philippines, around 68 percent of respondents indicated that they checked prices before buying due to rising costs. Moreover, around 36 percent of survey participants admitted inflation made them change to cheaper brands.

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.