Food prices in the Philippines increased by 4.8 percent year-on-year in April 2021, easing from a 5.8 percent gain in the prior month. This was the lowest food inflation since last December as cost went up at a softer rate for fruits (0.3 percent vs 3.9 percent in March); food products, N.E.C. (0.5 percent vs 3.8 percent); milk, cheese, eggs ( 1.4 percent vs 1.7 percent); other cereals, flour, cereal preparation (1.8 percent vs 1.9 percent). Meanwhile, inflation was steady for both oils and fats (at 3.9 percent) and sugar, jam, honey, chocolate and confectionery (at 0.3 percent), while prices rose faster for meat (22.1 percent vs 20.9 percent); fish (6.0 percent vs 4.9 percent); corn (3.1 percent vs 2.5 percent). By contrast, prices fell for vegetables (-2.6 percent vs 8.3 percent); rice (-0.3 percent vs 0.9 percent). source: Phillipine Statistics Authority
Food Inflation in Philippines averaged 4.74 percent from 1995 until 2021, reaching an all time high of 17.30 percent in July of 2008 and a record low of -0.90 percent in September of 2019. This page 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. Philippines Food Inflation - values, historical data and charts - was last updated on May of 2021.
Food Inflation in Philippines is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Philippines to stand at 5.00 in 12 months time. In the long-term, the Philippines Food Inflation is projected to trend around 3.00 percent in 2022, according to our econometric models.