According to a 2023 survey by Rakuten Insight on inflation in the Philippines, the majority of both male and female respondents indicated that they were most affected by the increase in grocery prices. Price increase in fuel and gas was also impactful to Filipino consumers, as stated by 60 percent of female and 63 percent of male respondents.
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Gasoline Prices in Philippines remained unchanged at 0.98 USD/Liter in May. This dataset provides the latest reported value for - Philippines Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
The gasoline price in the Philippines continued to fluctuate in 2023 and the first quarter of 2024, reaching 68.67 Philippine pesos per liter in March 2024. The retail price of petrol peaked between May and June 2022. Which countries supply petroleum products to the Philippines? The refined petroleum products supply in the Philippines is mainly imported from South Korea, which accounts for 31 percent of the total import share. Singapore and China also provide a large share of the country’s petroleum product supply. Due to a dormant oil refining capacity, the production of petroleum refinery products in the Philippines has shown sluggish growth recently, further emphasizing the need for importing such products. Leading petroleum companies in the Philippines As of March 2023, Shell Pilipinas Corporation held the highest share of the petroleum market in the Philippines, with a market share of about 16 percent. The company operated its own petroleum refinery until 2020, when it decided to focus on imports. There is only one operating oil refinery in the country, which is run by the second-largest oil company – Petron Corporation.
As of January 2024, the prices of essential goods in the Philippines increased compared to the same month in the previous year. With the exception of 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.
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.
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
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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.
According to a survey on global advisor predictions in 2023, 82 percent of the respondents from the Philippines indicated it was likely that the prices in the Philippines will increase faster than people's incomes. In comparison, 15 percent said this was unlikely to happen.
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Philippines Retail Price: Pechay: National Capital Region data was reported at 100.050 PHP/kg in 15 May 2025. This records an increase from the previous number of 92.020 PHP/kg for 30 Apr 2025. Philippines Retail Price: Pechay: National Capital Region data is updated daily, averaging 83.382 PHP/kg from Jan 2021 (Median) to 15 May 2025, with 102 observations. The data reached an all-time high of 150.660 PHP/kg in 15 Jun 2024 and a record low of 53.444 PHP/kg in 31 Mar 2021. Philippines Retail Price: Pechay: 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.
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Retail Price: Cooking Oil: Philippines data was reported at 173.990 PHP/kg in 15 Apr 2025. This records an increase from the previous number of 172.150 PHP/kg for 31 Mar 2025. Retail Price: Cooking Oil: Philippines data is updated daily, averaging 160.780 PHP/kg from Jun 2023 (Median) to 15 Apr 2025, with 45 observations. The data reached an all-time high of 173.990 PHP/kg in 15 Apr 2025 and a record low of 154.750 PHP/kg in 31 Mar 2024. Retail Price: Cooking Oil: Philippines data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.P003: Retail Price: Selected Agricultural Commodities.
As of April 2024, the monthly price of kerosene per gallon in the Philippines reached about 148.42 Philippine pesos, indicating an increase from 93.6 Philippine pesos in January 2019. The monthly jet fuel price fluctuated during the observed period, peaking at 221 Philippine pesos per gallon in June 2022.
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<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.
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Retail Price: Calamansi: Philippines data was reported at 92.530 PHP/kg in 15 Apr 2025. This records an increase from the previous number of 91.770 PHP/kg for 31 Mar 2025. Retail Price: Calamansi: Philippines data is updated daily, averaging 82.900 PHP/kg from Jun 2023 (Median) to 15 Apr 2025, with 45 observations. The data reached an all-time high of 96.640 PHP/kg in 31 Jul 2024 and a record low of 74.310 PHP/kg in 15 Oct 2023. Retail Price: Calamansi: Philippines data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.P003: Retail Price: Selected Agricultural Commodities.
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In 2024, the Philippine plastic bottle market decreased by -10.6% to $150M, falling for the second year in a row after six years of growth. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +3.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -18.2% against 2022 indices.
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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.
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The Philippine canned food market amounted to $4.5B in 2024, with an increase of 2.4% against the previous year. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market reached the peak level at $4.5B in 2022; afterwards, it flattened through to 2024.
As of March 2024, the price of diesel in the Philippines amounted to 60.34 Philippine pesos per liter, indicating a slight increase from the previous month. The retail price of diesel significantly increased in 2022, reaching its peak of 84.04 Philippine pesos per liter.
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Philippines Retail Price: Ampalaya: National Capital Region data was reported at 108.390 PHP/kg in 15 May 2025. This records an increase from the previous number of 103.500 PHP/kg for 30 Apr 2025. Philippines Retail Price: Ampalaya: National Capital Region data is updated daily, averaging 106.335 PHP/kg from Jan 2021 (Median) to 15 May 2025, with 102 observations. The data reached an all-time high of 167.000 PHP/kg in 30 Nov 2024 and a record low of 61.333 PHP/kg in 31 May 2021. Philippines Retail Price: Ampalaya: 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.
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Philippines Retail Price: Cabbage: National Capital Region data was reported at 117.490 PHP/kg in 15 May 2025. This records an increase from the previous number of 90.700 PHP/kg for 30 Apr 2025. Philippines Retail Price: Cabbage: National Capital Region data is updated daily, averaging 77.430 PHP/kg from Jan 2021 (Median) to 15 May 2025, with 101 observations. The data reached an all-time high of 179.111 PHP/kg in 30 Jan 2021 and a record low of 52.350 PHP/kg in 28 Feb 2022. Philippines Retail Price: Cabbage: 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 a survey conducted by Rakuten Insight in March 2023, 57 percent of the respondents in the Philippines were impacted by the increase in price of transport. In comparison, ten percent of the respondents in Japan were impacted by the price increase of transport as of March 2023.
As of November 2024, the monthly price of crude oil per barrel in the Philippines reached about 4,242.5 Philippine pesos, indicating an increase from the previous month. The monthly price of crude oil per barrel fluctuated during the observed period.
According to a 2023 survey by Rakuten Insight on inflation in the Philippines, the majority of both male and female respondents indicated that they were most affected by the increase in grocery prices. Price increase in fuel and gas was also impactful to Filipino consumers, as stated by 60 percent of female and 63 percent of male respondents.