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.

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.

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.

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.; ;

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 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.

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.

Core Inflation Rate: excl Selected Food and Energy Items: 2000=100 data was reported at 3.400 % in Dec 2011. This records a decrease from the previous number of 3.700 % for Nov 2011. Core Inflation Rate: excl Selected Food and Energy Items: 2000=100 data is updated monthly, averaging 4.000 % from Jan 2003 (Median) to Dec 2011, with 108 observations. The data reached an all-time high of 8.100 % in Feb 2005 and a record low of 2.300 % in Nov 2007. Core Inflation Rate: excl Selected Food and Energy Items: 2000=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.I028: Core Inflation Rate: 2000=100.

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.

The transportation sub-index of the CPI basket in Philippines decreased to 127.90 points in May of 2025 from 128.90 points in April of 2025. This dataset provides - Philippines Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2019, the unemployment rate in the Philippines was at approximately 2.24 percent and on a steady downward trend from 3.6 percent in 2014.

Souvenirs from overseas

The Philippines’ economy relies heavily on remittances from overseas, i.e. money sent home by Filipino emigrants and workers in other countries. In 2016 alone, approximately 30 billion U.S. dollars were received as remittances in the Philippines, and the amount seems to increase significantly every year. This makes the Philippines one of the leading countries worldwide when it comes to receiving remittances, only surpassed by India and China.

Visitors from overseas

The Philippines’ economy is stable, not only because of remittances, but also because of a flourishing services sector, which is now the main generator of GDP in the country; tourism and IT in particular contribute to economic growth. More than half of the Philippines workforce is employed in services.

CPI Housing Utilities in Philippines remained unchanged at 122.60 points in May. This dataset provides - Philippines Cpi Housing & Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gasoline price in the Philippines continued to fluctuate in 2023 and the first quarter of 2025, reaching 56.34 Philippine pesos per liter in April 2025. 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 Shell Pilipinas Corporation held the highest share of the petroleum market in the Philippines, with a market share of about 16 percent in 2023. The company operated its 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.

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.

Unemployment Rate in Philippines increased to 4.10 percent in April from 3.90 percent in March of 2025. This dataset provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Price Index in Philippines decreased to 0.90 percent in April from 1.10 percent in March of 2025. This dataset includes a chart with historical data for Philippines Retail Price Index YoY.

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.

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.

Wages in Philippines increased to 13487.30 PHP/Month in 2018 from 12646 PHP/Month in 2017. This dataset provides - Philippines Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.