Philippines Inflation Rate  1958-2018 | Data | Chart | Calendar | Forecast

Consumer prices in the Philippines increased 4 percent year-on-year in January of 2018, accelerating from a 3.3 percent rise in previous month and above market expectations of a 3.5 percent gain. It was the highest inflation rate since October 2014, as cost of food and transport surged while cost of housing continued to increase. Core inflation rate went up to a near 5-year high of 3.9 percent in January 2018 from 3 percent in December 2017. On a monthly basis, consumer prices rose 1 percent, after a 0.3 percent gain in December 2017. Inflation Rate in Philippines averaged 8.48 percent from 1958 until 2018, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959.

Philippines Inflation Rate
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Philippines Inflation Rate at Over 3-Year High of 4%


Consumer prices in the Philippines increased 4 percent year-on-year in January of 2018, accelerating from a 3.3 percent rise in previous month and above market expectations of a 3.5 percent gain. It was the highest inflation rate since October 2014, as cost of food and transport surged while cost of housing continued to increase.

In January, prices of heavily-weighted food and non-alcoholic beverages increased at a faster 4.5 percent, after a 3.5 percent rise in the preceding month. Also, prices rose more for: transport (3.2 percent from 2.4 percent); health (2.6 from 2.2 percent); furnishing, household equipment and routine maintenance (2 percent  from 1.9 percent); restaurant & miscellaneous goods & services (3.7 percent from 3 percent); and alcoholic beverages & tobacco (12.3 percent from 6.4 percent) while inflation was steady for: clothing and footwear (1.8 percent); communication (0.4 percent), and education (2.2 percent).
 
Prices slowed for both housing, water electricity, gas & other fuels (3.7 percent from 3.8 percent in December 2017) and recreation and culture (1.4 percent from 1.5 percent).
 
Core inflation rate went up to a near 5-year high of 3.9 percent in January 2018 from 3 percent in December 2017.
 
On a monthly basis, consumer prices rose 1 percent, following a 0.3 percent rise in December. It was the highest inflation since February 2011. Prices increased for most categories: food (1.5 percent); housing, water, electricity, gas & other fuels (0.1 percent); transport (0.4 percent); alcoholic beverages & tobacco (5.9 percent); clothing & footwear (0.5 percent); furnishing, household maintenance and routine maintenance (0.4 percent); health (0.7 percent); recreation and culture (0.1 percent), and restaurant and miscellaneous goods and services (0.9 percent). Cost was flat for education and communication.
 
 


Philippine Statistics Authority | Chusnul Ch Manan | chusnul@tradingeconomics.com
2/6/2018 11:40:13 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-05 01:00 AM Inflation Rate YoY 3.3% 3.5% 3.3% 3.5%
2018-01-05 01:00 AM Inflation Rate YoY 3.3% 3.3% 3.3% 3.4%
2018-02-06 01:00 AM Inflation Rate YoY 4% 3.3% 3.5% 3.3%
2018-03-06 01:00 AM Inflation Rate YoY 4% 4.30%
2018-04-05 01:00 AM Inflation Rate YoY 4.40%
2018-05-04 01:00 AM Inflation Rate YoY 4.60%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 4.00 3.30 62.80 -2.10 percent [+]
Inflation Rate Mom 1.00 0.30 9.00 -4.60 percent [+]
Consumer Price Index CPI 152.70 151.10 152.70 1.30 Index Points [+]
Core Consumer Prices 147.95 146.40 147.95 75.20 Index Points [+]
Core Inflation Rate 3.90 3.00 7.25 1.40 percent [+]
GDP Deflator 189.83 182.44 189.83 12.87 Index Points [+]
Producer Prices 130.97 131.20 180.70 81.10 Index Points [+]
Producer Prices Change -1.80 -1.10 17.50 -10.00 percent [+]
Food Inflation 4.50 3.50 17.29 -0.78 percent [+]
Import Prices 116.93 110.43 138.30 11.46 Price Index [+]
Export Prices 109.15 92.20 133.52 8.57 Price Index [+]
CPI Housing Utilities 135.10 134.90 135.10 43.60 Index Points [+]
CPI Transportation 135.00 132.20 135.00 35.10 Index Points [+]


Philippines Inflation Rate

In Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight); housing, water, electricity, gas and other fuels (22 percent) and transport (8 percent). The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent). Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent. This page provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Inflation Rate - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 3.30 62.80 -2.10 1958 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.86 Jan/18
Canada 1.90 Dec/17
China 1.50 Jan/18
Euro Area 1.30 Jan/18
France 1.30 Jan/18
Germany 1.60 Jan/18
India 5.07 Jan/18
Indonesia 3.25 Jan/18
Italy 0.90 Jan/18
Japan 1.40 Jan/18
Mexico 5.55 Jan/18
Netherlands 1.50 Jan/18
Russia 2.20 Jan/18
South Korea 1.00 Jan/18
Spain 0.60 Jan/18
Switzerland 0.70 Jan/18
Turkey 10.35 Jan/18
United Kingdom 3.00 Jan/18
United States 2.10 Jan/18


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