Inflation Rate in Philippines increased to 1.70 percent in September from 1.50 percent in August 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.

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.

Cost of food in Philippines increased 1 percent in September 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.

Graph and download economic data for Consumer Price Index for Philippines (DDOE02PHA086NWDB) from 1960 to 2017 about Philippines, CPI, price index, indexes, and price.

Graph and download economic data for Prices: Consumer Price Index for Philippines (PHLPCPIPCPPPT) from 1990 to 2029 about Philippines, consumer prices, consumer, rate, and indexes.

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.

Abstract

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.

Geographic coverage notes

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

The Consumer Price Index in Philippines decreased 0 percent in September 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.

Producer Prices in Philippines increased 0.57 percent in August 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.

Consumer Price Index (CPI) in the Philippines, August, 2025 The most recent value is 128.5 index points as of August 2025, an increase compared to the previous value of 127.7 index points. Historically, the average for the Philippines from January 1994 to August 2025 is 103.8921 index points. The minimum of 49.4 index points was recorded in January 1994, while the maximum of 146.3 index points was reached in December 2016. | TheGlobalEconomy.com

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.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Philippine Statistics Authority provides Consumer Price Index with base 2018=100.

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.

Key information about Philippines Core CPI Change

• Philippines Core CPI Change was reported at 7.720 % in May 2023.
• This records a decrease from the previous number of 7.932 % for Apr 2023.
• Philippines Core CPI Change data is updated monthly, averaging 3.878 % from Jan 1995 to May 2023, with 341 observations.
• The data reached an all-time high of 11.401 % in Sep 1998 and a record low of 0.472 % in Sep 2015.
• Philippines Core CPI 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: Core CPI: Y-o-Y Growth: Monthly: Asia.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. Philippine Statistics Authority provides Core Consumer Price Index with base 2018=100. Core Consumer Price Index excludes rice, corn, meat (fresh, chilled or frozen), fruit (fresh), vegetables (cultivated for their roots and fruits, fresh or dried), natural gas (liquefied or in a gaseous state) and gas oils for motor vehicles. Core Consumer Price Index Growth prior to January 2019 is calculated from Core Consumer Price Index with base 2012=100.

Philippines Bangko Sentral ng Pilipinas: Inflation Target: Lower Limit data was reported at 2.000 % in 2022. This stayed constant from the previous number of 2.000 % for 2021. Philippines Bangko Sentral ng Pilipinas: Inflation Target: Lower Limit data is updated yearly, averaging 3.000 % from Dec 2002 (Median) to 2022, with 21 observations. The data reached an all-time high of 5.000 % in 2005 and a record low of 2.000 % in 2022. Philippines Bangko Sentral ng Pilipinas: Inflation Target: Lower Limit 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.I001: Consumer Price Index: Inflation Target.

Consumer price index of Philippines rose by 3.21% from 154.7 index in 2023 to 159.7 index in 2024. Since the 3.60% upward trend in 2014, consumer price index soared by 39.25% in 2024. Consumer price index reflects changes 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 July 2025, the inflation rate for all commodities in the Philippines reached 0.9 percent, reflecting a significant decrease from the same month of the previous years. The country's inflation rate peaked in January 2023.

Inflation rate (GDP deflator) of Philippines plummeted by 36.67% from 4.6 % in 2023 to 2.9 % in 2024. Since the 140.47% surge in 2022, inflation rate (GDP deflator) sank by 46.91% in 2024. 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. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

In 2024, the consumer price index (CPI) of food in the Philippines was about ** points higher compared to the base year 2018. The food prices in the country have significantly increased in the observed period. The CPI is a measure of the average change over time in the prices paid by consumers for consumer goods.

Philippines Consumer Price Index (CPI): NF: FH: HO: HU: Bed Linen & Bedding data was reported at 113.119 2018=100 in Apr 2025. This records an increase from the previous number of 113.028 2018=100 for Mar 2025. Philippines Consumer Price Index (CPI): NF: FH: HO: HU: Bed Linen & Bedding data is updated monthly, averaging 92.402 2018=100 from Jan 2000 (Median) to Apr 2025, with 304 observations. The data reached an all-time high of 113.119 2018=100 in Apr 2025 and a record low of 76.940 2018=100 in Mar 2004. Philippines Consumer Price Index (CPI): NF: FH: HO: HU: Bed Linen & Bedding data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table.PH.I013: Consumer Price Index: 2018=100.