The annual core inflation rate in the Philippines, which excludes certain food and energy items, jumped to 3.9% in April 2026, the highest reading since December 2023, and picking up from a 3.2% rise in March. source: Philippine Statistics Authority

Core Inflation Rate in Philippines averaged 3.79 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 May of 2026.

Core Inflation Rate in Philippines is expected to be 4.20 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
2026-04-07 01:00 AM
Core Inflation Rate YoY
Mar 3.2% 2.9% 2.6%
2026-05-05 01:00 AM
Core Inflation Rate YoY
Apr 3.9% 3.2% 3.5%
2026-06-05 01:00 AM
Core Inflation Rate YoY
May 3.9%


Related Last Previous Unit Reference
Consumer Price Index CPI 136.50 133.00 points Apr 2026
Core Consumer Prices 132.80 131.70 points Apr 2026
Core Inflation Rate YoY 3.90 3.20 percent Apr 2026
CPI Housing Utilities 132.60 127.50 points Apr 2026
CPI Transportation 156.50 142.30 points Apr 2026
Export Prices 114.65 113.37 points Dec 2025
Food Inflation 6.00 2.90 percent Apr 2026
GDP Deflator 123.15 124.26 points Mar 2026
Import Prices 122.85 123.13 points Dec 2025
Inflation Rate YoY 7.20 4.10 percent Apr 2026
Inflation Rate MoM 2.60 1.40 percent Apr 2026
Producer Prices 100.46 99.55 points Mar 2026
PPI YoY 2.50 1.40 percent Mar 2026
Retail Price Index YoY 4.80 2.10 percent Mar 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
3.90 3.20 8.00 1.40 2001 - 2026 percent Monthly
NSA