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.

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 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.

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 an increase from the inflation rate in the previous month when it stood at 1.27 percent. Compared to a year ago, we see a decrease from...

The Consumer Price Index in Philippines increased 0.20 percent in June 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.

Inflation, monthly percent change in the CPI in the Philippines, June, 2025 The most recent value is 0.16 percent as of June 2025, an increase compared to the previous value of -0.08 percent. Historically, the average for the Philippines from February 1994 to June 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 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.

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.

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 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.

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, 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.

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.

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.

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.

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 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.

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.

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.

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.