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Philippines Inflation Rate Jumps to 4.1%
The annual inflation rate in the Philippines climbed to 4.1% in March 2026, the highest level since July 2024, and well above 2.4% in February. The reading also exceeded expectations of 3.6% and surpassed the central bank’s 2–4% target, driven by oil price shocks and unprecedented local currency depreciation. Transportation costs saw the largest surge, rising 9.9% (vs -0.3% in February), fueled by gasoline and diesel price spikes of 27.3% and 59.5%, respectively, which accounted for 54.8% of the overall inflation acceleration. Prices rose across nearly all subcategories, including food and non-alcoholic beverages (3% vs 1.8%), housing and utilities (4.5% vs 3.5%), clothing and footwear (2.6% vs 2.4%), and furnishings, household equipment, and routine household maintenance (3.1% vs 2.9%). On a monthly basis, the CPI jumped 1.4%, the largest gain since January 2023, well above February’s 0.2% rise. Meanwhile, annual core inflation also rose to 3.2%, the highest reading since April 2024.
Published on 2026-04-07

Philippines Inflation Rate Jumps to 4.1%
The annual inflation rate in the Philippines climbed to 4.1% in March 2026, the highest level since July 2024, and well above 2.4% in February. The reading also exceeded expectations of 3.6% and surpassed the central bank’s 2–4% target, as well as its 3.1%–3.9% projection for March, driven by oil price shocks and unprecedented local currency depreciation. Transportation costs saw the largest surge, rising 9.9% (vs -0.3% in February), fueled by gasoline and diesel price spikes of 27.3% and 59.5%, respectively, which accounted for 54.8% of the overall inflation acceleration. Prices rose across nearly all subcategories, including food and non-alcoholic beverages (3% vs 1.8%), housing and utilities (4.5% vs 3.5%), clothing and footwear (2.6% vs 2.4%), and furnishings (3.1% vs 2.9%). On a monthly basis, the CPI jumped 1.4%, the largest gain since January 2023, well above February’s 0.2% rise. Meanwhile, annual core inflation also rose to 3.2%, the highest reading since April 2024.
Published on 2026-04-07

Philippines Inflation Rate Jumps to 4.1%
The annual inflation rate in the Philippines climbed to 4.1% in March 2026, the highest level since July 2024, and well above 2.4% in February. The reading also exceeded expectations of 3.6% and surpassed the central bank’s 2–4% target, as well as its 3.1%–3.9% projection for March, driven by oil price shocks and unprecedented local currency depreciation. Transportation costs saw the largest surge, rising 9.9% (vs -0.3% in February), fueled by gasoline and diesel price spikes of 27.3% and 59.5%, respectively, which accounted for 54.8% of the overall inflation acceleration. Prices rose across nearly all subcategories, including food and non-alcoholic beverages (3% vs 1.8%), housing and utilities (4.5% vs 3.5%), clothing and footwear (2.6% vs 2.4%), and furnishings (3.1% vs 2.9%). On a monthly basis, the CPI jumped 1.4%, the largest gain since January 2023, well above February’s 0.2% rise. Meanwhile, annual core inflation also rose to 3.2%, the highest reading since April 2024.
Published on 2026-04-07

Philippine Inflation Rises to 13-Month High
The annual inflation rate in the Philippines rose to 2.4% in February 2026 from 2% in the previous month, matching market expectations. The latest figure marked the highest reading since January 2025, mainly driven by faster increases in prices for food and non-alcoholic beverages (1.8% vs 1.1% in January), furnishings, household equipment and maintenance (2.9% vs 2.3%), recreation, sport, and culture (4.3% vs 2.2%), and restaurant and accommodation services (4.4% vs 4%). On the other hand, costs continued to decline for transport (-0.3% vs -0.2%), while inflation softened for information and communication (0.7% vs 0.8%). On a monthly basis, consumer prices went up by 0.2% in February, slowing from a 0.8% gain in the preceding period. Meanwhile, core inflation, which excludes certain food and energy items, rose to 2.9%, marking the highest since July 2024, from 2.8% in the prior month.
Published on 2026-03-05

Philippine Inflation Rises to 13-Month High
The annual inflation rate in the Philippines rose to 2.4% in February 2026 from 2% in the previous month, matching market expectations. The latest figure marked the highest reading since January 2025, mainly driven by faster increases in prices for food and non-alcoholic beverages (1.8% vs 1.1% in January), furnishings, household equipment and maintenance (2.9% vs 2.3%), recreation, sport, and culture (4.3% vs 2.2%), and restaurant and accommodation services (4.4% vs 4%). On the other hand, costs continued to decline for transport (-0.3% vs -0.2%), while inflation softened for information and communication (0.7% vs 0.8%). On a monthly basis, consumer prices went up by 0.2% in February, slowing from a 0.8% gain in the preceding period. Core inflation, which excludes certain food and energy items, rose to 2.9%, marking the highest since July 2024, from 2.8% in the prior month.
Published on 2026-03-05

Philippines Inflation Rate at 11-Month High
The annual inflation rate in the Philippines rose to 2% in January 2026, exceeding both market forecasts and the previous month’s 1.8%. This also marked the highest reading since February, mainly driven by a sharp increase in housing and utility costs, which climbed to 3.3%, a fifteen-month high, from 2.5% in December. Prices also rose faster for furnishings, household equipment and maintenance (2.3% vs 1.9%), restaurants and accommodation services (4% vs 2.4%), and personal care, miscellaneous goods and services (2.6% vs 2.2%). In contrast, inflation softened for food and non-alcoholic beverages (1.1% vs 1.4%) and alcoholic beverages and tobacco (3.1% vs 3.3%), while transport costs declined for the first time in five months (-0.3% vs 0.3%). On a monthly basis, consumer prices increased by 0.8% in January, following a 0.9% gain in the preceding period. Core inflation, which excludes certain food and energy items, rose to 2.8%, the highest since July 2024, from 2.4% in December.
Published on 2026-02-05

Philippines Inflation Rate at 9-Month High
The annual inflation rate in the Philippines rose to 1.8% in December 2025, from a three-month low of 1.5% in the previous month, surpassing market expectations of 1.4%. It marked the highest reading since March, primarily driven by a sharp increase in heavily weighted food and non-alcoholic beverages (1.4% vs 0.1% in November), particularly vegetables, tubers, cooking bananas and pulses and oils and fats. Inflation also increased at a faster pace for clothing and footwear (2.2% vs 1.8%). On the other hand, costs moderated for housing and utilities (2.5% vs 2.9%), transport (0.3% vs 1.7%), and alcoholic beverages and tobacco (3.3% vs 3.6%). On a monthly basis, consumer prices rose to 0.9% from 0.2% in November, above market forecasts of 0.3%. Meanwhile, core inflation, which excludes certain food and energy items, stood at 2.4% in December. The Philippines’ annual average inflation rate for 2025 stood at 1.7%, lower than the 2024 annual average inflation rate of 3.2%.
Published on 2026-01-06

Philippines Inflation Rate at 9-Month High
The annual inflation rate in the Philippines rose to 1.8% in December 2025, from a three-month low of 1.5% in the previous month, surpassing market expectations of 1.4%. It marked the highest reading since March, primarily driven by a sharp increase in heavily weighted food and non-alcoholic beverages (1.4% vs 0.1% in November), particularly vegetables, tubers, cooking bananas and pulses and oils and fats. Inflation also increased at a faster pace for clothing and footwear (2.2% vs 1.8%). On the other hand, costs moderated for housing and utilities (2.5% vs 2.9%), transport (0.3% vs 1.7%), and alcoholic beverages and tobacco (3.3% vs 3.6%). On a monthly basis, consumer prices rose to 0.9% from 0.2% in November, above market forecasts of 0.3%. Meanwhile, core inflation, which excludes certain food and energy items, stood at 2.4% in December. The Philippines’ annual average inflation rate for 2025 stood at 1.7%, lower than the 2024 annual average inflation rate of 3.2%.
Published on 2026-01-06

Philippines Inflation Rate Falls to 1.5%
The annual inflation rate in the Philippines eased to 1.5% in November 2025, down from 1.7% in October and below the expected 1.6%. This marked the lowest level in three months and remained well below the central bank’s 2%–4% target range. Price growth slowed for food and non-alcoholic beverages (0.1% vs 0.5% in October), reflecting softer annual increases in vegetables, tubers, plantains, cooking bananas, and pulses. Inflation also moderated for alcoholic beverages and tobacco (3.6% vs 4.0%), furnishings and household equipment (2.0% vs 2.4%), restaurants and accommodation services (2.6% vs 2.4%), and personal care and miscellaneous goods (2.4% vs 2.5%). In contrast, price pressures picked up for housing, water, electricity, gas, and other fuels (2.9% vs 2.7%), as well as transport (1.7% vs 0.9%). On a monthly basis, the CPI grew 0.2%, following a 0.1% gain in October. Core inflation, which excludes certain food and energy items, eased to 2.4%, a four-month low, from 2.5% in October.
Published on 2025-12-05

Philippine Inflation Steady at 1.7% in October
The annual inflation rate in the Philippines stood at 1.7% in October 2025, unchanged from September and missing expectations of a slight uptick to 1.8%. Still, it remained the highest reading since March, mainly due to higher inflation for housing and utilities, which rose to a four-month high of 2.7% from 2.1% in September. Price growth also increased for clothing and footwear (1.8% vs 1.7%), and personal care and miscellaneous goods and services (2.5% vs 2.4%). Meanwhile, inflation slowed for food and non-alcoholic beverages (0.5% vs 1%), driven by a smaller annual increase in vegetables, tubers, plantains, cooking bananas, and pulses. Costs also rose at a softer pace for transport (0.9% vs 1%), health (2.7% vs 2.8%), and recreation and culture (1.9% vs 2.1%). On a monthly basis, consumer prices grew 0.1%, after showing no growth in the previous period. Core inflation, which excludes certain food and energy items, eased to 2.5% in October, a three-month low, from 2.6% in September.
Published on 2025-11-05

Philippine Inflation Steady at 1.7% in October
The annual inflation rate in the Philippines stood at 1.7% in October 2025, unchanged from September’s six-month high but missed expectations for a slight rise to 1.8%. The reading remained within the central bank’s 2%–4% target range. Inflation slowed for food and non-alcoholic beverages (0.5% vs 1% in September), driven by smaller annual increases in vegetables, tubers, plantains, cooking bananas, and pulses. Costs also rose at a softer pace for transport (0.9% vs 1%), health (2.7% vs 2.8%), and recreation and culture (1.9% vs 2.1%). Meanwhile, inflation accelerated for housing and utilities, which climbed to a four-month high of 2.7% from 2.1%. Price growth also increased for clothing and footwear (1.8% vs 1.7%) and personal care (2.5% vs 2.4%). On a monthly basis, consumer prices rose 0.1%, after showing no growth in the previous period. Core inflation, which excludes certain food and energy items, eased to 2.5% in October, a three-month low, from 2.6% in September.
Published on 2025-11-05

Philippine Inflation Steady at 1.7% in October
The annual inflation rate in the Philippines stood at 1.7% in October 2025, unchanged from September’s six-month high but missed expectations for a slight rise to 1.8%. The reading remained within the central bank’s 2%–4% target range. Inflation slowed for food and non-alcoholic beverages (0.5% vs 1% in September), driven by smaller annual increases in vegetables, tubers, plantains, cooking bananas, and pulses. Costs also rose at a softer pace for transport (0.9% vs 1%), health (2.7% vs 2.8%), and recreation and culture (1.9% vs 2.1%). Meanwhile, inflation accelerated for housing and utilities, which climbed to a four-month high of 2.7% from 2.1%, while price growth also picked up for clothing and footwear (1.8% vs 1.7%) and personal care (2.5% vs 2.4%). On a monthly basis, the CPI rose 0.1%, after showing no growth in the previous period. Core inflation, which excludes certain food and energy items, eased to 2.5% in October, a three-month low, from 2.6% in September.
Published on 2025-11-05

Philippines Inflation Rate Hits 6-Month High
The annual inflation rate in the Philippines edged up to 1.7% in September 2025, from 1.5% in the previous month, although it remained below market expectations of 2%. This marked the highest reading since March, as prices increased at a faster pace for food and non-alcoholic beverages (1% vs 0.9% in August), while it rebounded for transport (1% vs -0.3%). Meanwhile, prices were stable for housing and utilities (2.1%), clothing and footwear (1.7%), furnishings, household equipment and routine household maintenance (2.4%), information and communication (0.6%), recreation, sport and culture (2.1%), education (3%), and financial services (0%). On a monthly basis, consumer prices stalled in September, following a 0.6% gain in the prior month. Meanwhile, core inflation, which excludes certain food and energy items, slightly eased to 2.6% from an eight-month high of 2.7% in August 2025.
Published on 2025-10-07

Philippines Inflation Rate Hits 6-Month High
The annual inflation rate in the Philippines edged up to 1.7% in September 2025, from 1.5% in the previous month, although it remained below market expectations of 2%. This marked the highest reading since March, as prices increased at a faster pace for food and non-alcoholic beverages (1% vs 0.9% in August), while it rebounded for transport (1% vs -0.3%). Meanwhile, prices were stable for housing and utilities (2.1%), clothing and footwear (1.7%), furnishings, household equipment and routine household maintenance (2.4%), information and communication (0.6%), recreation, sport and culture (2.1%), education (3%), and financial services (0%). On a monthly basis, consumer prices stalled in September, following a 0.6% gain in the prior month. Meanwhile, core inflation, which excludes certain food and energy items, slightly eased to 2.6% from an eight-month high of 2.7% in August 2025.
Published on 2025-10-07

Philippines Inflation Rate at 5-Month High
The annual inflation rate in the Philippines rose to 1.5% in August 2025, surpassing market estimates of 1.3% and up from a more than five-and-a-half-year low of 0.9% in the previous month. The latest figure marked the highest reading since March, mainly driven by higher prices of food and non-alcoholic beverages (0.9% vs -0.2% in July), furnishings, household equipment and routine household maintenance (2.4% vs 2.1%), and health (2.9% vs 2.6%). Additionally, costs declined at a slower pace for transport (-0.3% vs -2%). On the other hand, inflation softened for clothing and footwear (1.7% vs 1.8%), housing and utilities (2.1% vs 2.2%), and education (2.9% vs 4.2%). On a monthly basis, consumer prices rose 0.6%, the strongest in three months, following a 0.3% gain in July. Meanwhile, core inflation, which excludes certain food and energy items, increased to 2.7%, the highest in eight months, from 2.3% in the preceding period.
Published on 2025-09-05

Philippines Inflation Rate Lowest Since 2019
The annual inflation rate in the Philippines slowed to 0.9% in July 2025, below market expectations of 1.1% and the previous month’s 1.4%. The latest figure marked the lowest reading since October 2019, as prices declined for food and non-alcoholic beverages (-0.2% vs 0.4% in June) and transport (-2% vs -1.6%). Additionally, costs moderated for housing and utilities (2.1% vs 3.2%), education (4.3% vs 5.3%), and personal care, miscellaneous goods and services (2.3% vs 2.4%). On the other hand, inflation increased for alcoholic beverages and tobacco (4.2% vs 3.8%) and health (2.6% vs 2.4%). On a monthly basis, consumer prices rose by 0.3%, following a 0.2% gain in June. Meanwhile, core inflation, which excludes certain food and energy items, edged up to 2.3%, the highest in five months, from 2.2%, where it had remained steady for four consecutive months.
Published on 2025-08-05

Philippines Inflation Highest Since 2019
The annual inflation rate in the Philippines slowed to 0.9% in July 2025, below market expectations of 1.1% and the previous month’s 1.4%. This latest figure marked the lowest reading since October 2019, as prices declined for food and non-alcoholic beverages (-0.2% vs 0.4% in June) and transport (-2% vs -1.6%). Additionally, costs moderated for housing and utilities (2.1% vs 3.2%), education (4.3% vs 5.3%), and personal care, miscellaneous goods and services (2.3% vs 2.4%). On the other hand, inflation increased for alcoholic beverages and tobacco (4.2% vs 3.8%) and health (2.6% vs 2.4%). On a monthly basis, consumer prices rose by 0.3%, following a 0.2% gain in June. Meanwhile, core inflation, which excludes certain food and energy items, edged up to 2.3%, the highest in five months, from 2.2%, where it had remained steady for four consecutive months.
Published on 2025-08-05

Philippines Inflation Lowest Since 2019
The annual inflation rate in the Philippines slowed to 0.9% in July 2025, below market expectations of 1.1% and the previous month’s 1.4%. The latest figure marked the lowest reading since October 2019, as prices declined for food and non-alcoholic beverages (-0.2% vs 0.4% in June) and transport (-2% vs -1.6%). Additionally, costs moderated for housing and utilities (2.1% vs 3.2%), education (4.3% vs 5.3%), and personal care, miscellaneous goods and services (2.3% vs 2.4%). On the other hand, inflation increased for alcoholic beverages and tobacco (4.2% vs 3.8%) and health (2.6% vs 2.4%). On a monthly basis, consumer prices rose by 0.3%, following a 0.2% gain in June. Meanwhile, core inflation, which excludes certain food and energy items, edged up to 2.3%, the highest in five months, from 2.2%, where it had remained steady for four consecutive months.
Published on 2025-08-05

Philippines Inflation Rate Lowest Since 2019
The annual inflation rate in the Philippines slowed to 0.9% in July 2025, below market expectations of 1.1% and the previous month’s 1.4%. The latest figure marked the lowest reading since October 2019, as prices declined for food and non-alcoholic beverages (-0.2% vs 0.4% in June) and transport (-2% vs -1.6%). Additionally, costs moderated for housing and utilities (2.1% vs 3.2%), education (4.3% vs 5.3%), and personal care, miscellaneous goods and services (2.3% vs 2.4%). On the other hand, inflation increased for alcoholic beverages and tobacco (4.2% vs 3.8%) and health (2.6% vs 2.4%). On a monthly basis, consumer prices rose by 0.3%, following a 0.2% gain in June. Meanwhile, core inflation, which excludes certain food and energy items, edged up to 2.3%, the highest in five months, from 2.2%, where it had remained steady for four consecutive months.
Published on 2025-08-05

Philippines Inflation Rate Lowest Since 2019
The annual inflation rate in the Philippines slowed to 0.9% in July 2025, below market expectations of 1.1% and the previous month’s 1.4%. The latest figure marked the lowest reading since October 2019, as prices declined for food and non-alcoholic beverages (-0.2% vs 0.4% in June) and transport (-2% vs -1.6%). Additionally, costs moderated for housing and utilities (2.1% vs 3.2%), education (4.3% vs 5.3%), and personal care, miscellaneous goods and services (2.3% vs 2.4%). On the other hand, inflation increased for alcoholic beverages and tobacco (4.2% vs 3.8%) and health (2.6% vs 2.4%). On a monthly basis, consumer prices rose by 0.3%, following a 0.2% gain in June. Meanwhile, core inflation, which excludes certain food and energy items, edged up to 2.3%, the highest in five months, from 2.2%, where it had remained steady for four consecutive months.
Published on 2025-08-05