Annual core inflation in the Philippines edged down to 4.1% in August 2026, the lowest in three months, from 4.2% in July. The figure was in line with market expectations. 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. source: Philippine Statistics Authority

Core Inflation Rate in Philippines is expected to be 3.80 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
2026-08-05 01:00 AM
Core Inflation Rate YoY
Jul 4.2% 4.4% 4.1%
2026-09-04 01:00 AM
Core Inflation Rate YoY
Aug 4.1% 4.2% 4.1% 4.0%
2026-10-06 01:00 AM
Core Inflation Rate YoY
Sep 4.1% 3.8%


Related Last Previous Unit Reference
Consumer Price Index CPI 136.40 135.60 points Aug 2026
Core Consumer Prices 134.50 134.00 points Aug 2026
Core Inflation Rate YoY 4.10 4.20 percent Aug 2026
CPI Clothing 124.80 124.50 points Aug 2026
CPI Education 125.80 125.70 points Aug 2026
CPI Food 137.60 136.90 points Aug 2026
CPI Health 133.20 132.30 points Aug 2026
CPI Housing Utilities 133.20 132.60 points Aug 2026
CPI Recreation and Culture 125.00 124.80 points Aug 2026
CPI Restaurants and Hotels 140.70 140.40 points Aug 2026
CPI Transportation 146.70 144.30 points Aug 2026
Export Prices 101.62 101.61 points Jun 2026
Food Inflation 4.60 5.20 percent Aug 2026
GDP Deflator 125.18 123.18 points Jun 2026
Import Prices 100.18 100.59 points Jun 2026
Inflation Rate YoY 6.10 6.20 percent Aug 2026
Inflation Rate MoM 0.60 0.10 percent Aug 2026
Producer Prices 101.13 101.05 points Jul 2026
PPI YoY 3.00 3.00 percent Jul 2026
Retail Price Index YoY 4.00 3.80 percent Jul 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
4.10 4.20 8.00 1.40 2001 - 2026 percent Monthly
NSA