The annual core inflation in the Philippines rose to 5.4% in October 2026 from an upwardly revised 4.8% in September, well above market expectations of 4.8%. This marked the highest reading since September 2023. source: Philippine Statistics Authority

Core Inflation Rate in Philippines averaged 3.80 percent from 2001 until 2026, reaching an all time high of 8.00 percent in March of 2023 and a record low of 1.40 percent in September of 2015. This page 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 Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

Core Inflation Rate in Philippines is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Core Inflation Rate is projected to trend around 2.00 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-06 01:00 AM
Core Inflation Rate YoY
Sep 4.7% 4.1% 4.4% 4.3%
2026-11-05 01:00 AM
Core Inflation Rate YoY
Oct 5.4% 4.8% 4.8% 4.9%
2026-12-04 01:00 AM
Core Inflation Rate YoY
Nov 5.4%


Related Last Previous Unit Reference
Consumer Price Index CPI 138.60 137.70 points Oct 2026
Core Consumer Prices 136.40 135.40 points Oct 2026
Core Inflation Rate YoY 5.40 4.80 percent Oct 2026
CPI Clothing 125.40 125.10 points Oct 2026
CPI Education 125.90 125.90 points Oct 2026
CPI Food 139.10 139.90 points Oct 2026
CPI Health 134.60 134.10 points Oct 2026
CPI Housing Utilities 135.80 134.20 points Oct 2026
CPI Recreation and Culture 125.50 125.40 points Oct 2026
CPI Restaurants and Hotels 142.00 141.00 points Oct 2026
CPI Transportation 155.20 148.00 points Oct 2026
Export Prices 101.62 101.61 points Jun 2026
Food Inflation 6.70 6.70 percent Oct 2026
GDP Deflator 124.70 125.16 points Sep 2026
Import Prices 100.18 100.59 points Jun 2026
Inflation Rate YoY 7.80 7.20 percent Oct 2026
Inflation Rate MoM 0.70 1.00 percent Oct 2026
Producer Prices 101.78 101.50 points Sep 2026
PPI YoY 3.40 3.20 percent Sep 2026
Retail Price Index YoY 4.30 3.90 percent Sep 2026


Philippines Core Inflation Rate
In Philippines, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.
Actual Previous Highest Lowest Dates Unit Frequency
5.40 4.80 8.00 1.40 2001 - 2026 percent Monthly
NSA