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.

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.

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.

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.

The benchmark interest rate in Philippines was last recorded at 5.25 percent. This dataset provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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 rates in the Association of Southeast Asian Nations (ASEAN) ranged from ** percent inflation in Myanmar to **** percent inflation in Thailand in 2025. 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.

The growth of the real gross domestic product (GDP) in the Philippines stood at about 5.69 percent in 2024. From 1980 to 2024, the growth rose by approximately 0.54 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by around 0.61 percentage points, showing an overall upward trend with periodic ups and downs.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.

In 2023, the inflation rate in Laos was reported at over ** percent, the highest in Southeast Asia, with this trend forecasted to continue into 2025. In contrast, Brunei had the lowest inflation rate in the region at about **** percent in 2023, projected to increase to around *** percent by 2025.

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 June of 2025.

Key information about Philippines Consumer Price Index CPI growth

• Philippines Consumer Price Index (CPI) growth was measured at 2.1 % YoY in Feb 2025, compared with a rate of 2.9 % in the previous month.
• Philippines Consumer Price Index growth data is updated monthly, available from Jan 1958 to Feb 2025, with an averaged number of 5.9 % YoY.
• The data reached an all-time high of 63.3 % YoY in Oct 1984 and a record low of -2.2 % YoY in Jun 1959.

Inflation, GDP deflator: linked series (annual %) in Philippines was reported at 4.5965 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Philippines CPI: Food and Non Alcoholic Beverage Change

• Philippines CPI: Food and Non Alcoholic Beverage Change was reported at 2.552 % in Feb 2025.
• This records a decrease from the previous number of 3.801 % for Jan 2025.
• Philippines CPI: Food and Non Alcoholic Beverage Change data is updated monthly, averaging 4.128 % from Jan 1995 to Feb 2025, with 362 observations.
• The data reached an all-time high of 17.295 % in Jul 2008 and a record low of -1.832 % in Sep 2019.
• Philippines CPI: Food and Non Alcoholic Beverage Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: CPI: Food and Non Alcoholic Beverage: Y-o-Y Growth: Monthly.

DI：所有行业：当前季度：Inflation Rate Expectations在03-01-2025达3.168%，相较于12-01-2024的3.588%有所下降。DI：所有行业：当前季度：Inflation Rate Expectations数据按季更新，06-01-2013至03-01-2025期间平均值为3.641%，共47份观测结果。该数据的历史最高值出现于06-01-2023，达7.229%，而历史最低值则出现于09-01-2016，为1.520%。CEIC提供的DI：所有行业：当前季度：Inflation Rate Expectations数据处于定期更新的状态，数据来源于Bangko Sentral ng Pilipinas，数据归类于全球数据库的菲律宾 – Table PH.S004: Business Expectation Survey: Indices of Expectations on Economic Indicators。

Philippines Retail Price: Tomato: National Capital Region data was reported at 64.780 PHP/kg in 15 May 2025. This records an increase from the previous number of 53.590 PHP/kg for 30 Apr 2025. Philippines Retail Price: Tomato: National Capital Region data is updated daily, averaging 72.150 PHP/kg from Jan 2021 (Median) to 15 May 2025, with 102 observations. The data reached an all-time high of 245.750 PHP/kg in 15 Jan 2025 and a record low of 35.867 PHP/kg in 31 Mar 2021. Philippines Retail Price: Tomato: National Capital Region data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.P: Retail Price: Selected Agricultural Commodities.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

Consumer Price Index CPI in Philippines decreased to 127.20 points in May from 127.30 points in April of 2025. This dataset provides the latest reported value for - Philippines Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Producer Prices in Philippines increased 0.10 percent in April of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Philippines Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.