Philippines Inflation Rate  1958-2017 | Data | Chart | Calendar | Forecast

Consumer prices in the Philippines rose 2.8 percent year-on-year in June of 2017, following a 3.1 percent increase in the previous month and below market expectations of 3.0 percent rise. It was the lowest inflation rate since January, as cost increased at slower paces for food, transport and housing & utilities. Core consumer prices slowed to 2.6 percent from 2.9 percent in May while market estimated a 3.0 percent gain. On a monthly basis, consumer prices edged up 0.1 percent, compared to a downwardly revised flat reading in a month earlier. Inflation Rate in Philippines averaged 8.53 percent from 1958 until 2017, 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-05 01:00 AM Apr 3.4% 3.4% 3.4%
2017-06-05 11:20 AM May 3.1% 3.4% 3.3% 3.4%
2017-07-05 01:00 AM Jun 2.8% 3.1% 3% 2.9%
2017-08-04 01:00 AM Jul 2.8% 2.9%
2017-09-05 01:00 AM Aug 3%
2017-10-05 01:00 AM Sep 3.2%




Philippines Inflation Rate At 5-Month Low Of 2.8% In June


Consumer prices in the Philippines rose 2.8 percent year-on-year in June of 2017, following 3.1 percent increase in the previous period and below market expectations of 3.0 percent rise. It was the lowest inflation rate since January as prices of food, housing and utilities, and transport rose at slower paces.

In June, price increased less than in a month earlier for: clothing and footwear (2.1 percent from 2.2 percent); furnishing, households equipment and routine maintenance (2.1 percent from 2.3 percent); health (2.3 percent from 2.5 percent); transport (2.3 percent from 2.7 percent); housing, water, electricity, gas and other fuels (2.1 percent from 3.5 percent), and recreation and culture (1.1 percent from 1.4 percent). Prices of heavily-weighted food and non-alcoholic beverages also increased by 3.5 percent, slowing from a 3.8 percent rise in May. Cost went up at a faster pace for: alcoholic beverages and tobacco (6.2 percent from 6.1 percent); restaurants and miscellaneous goods and services (1.7 percent from 1.5 percent), and  education (2.1 percent from 1.8 percent). Inflation was steady for: communication (0.3 percent)
 
Core consumer prices slowed to 2.6 percent from a yer earlier, compared to a 2.9 percent gain in May.
 
On a monthly basis, consumer prices edged up 0.1 percent, compared to a downwardly revised flat reading in a month earlier. Prices increased for: food and non-alcoholic beverages (0.4 percent), alcoholic beverages and tobacco (0.4 percent); clothing and footwear (0.1 percent); furnishing, households equipment and routine maintenance (0.1 percent); health (0.1 percent); recreation and culture (0.2 percent); education (2 percent), and restaurant and miscelleneous goods and services (0.4 percent). In contrast, cost fell for: housing, water, electricity, gas and other fuels (-1.2 percent), transport (-0.3 percent). Cost was flat for: communication
 

PSA l Chusnul Ch Manan | chusnul@tradingeconomics.com
7/5/2017 3:42:22 AM



Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 3.10 62.80 -2.10 percent [+]
Inflation Rate Mom 0.10 0.00 9.00 -4.60 percent [+]
Consumer Price Index CPI 148.00 147.90 148.00 1.30 Index Points [+]
Core Consumer Prices 143.80 143.80 143.80 75.20 Index Points [+]
Core Inflation Rate 2.60 2.90 7.25 1.40 percent [+]
GDP Deflator 177.91 186.59 186.59 12.87 Index Points [+]
Producer Prices 132.38 132.64 180.70 81.10 Index Points [+]
Producer Prices Change -2.10 -1.70 17.50 -10.00 percent [+]
Cpi Housing Utilities 131.60 133.20 133.50 43.60 Index Points [+]
Food Inflation 3.50 3.80 17.29 -0.78 percent [+]
Export Prices 103.71 110.45 133.52 8.57 Price Index [+]
Cpi Transportation 131.10 131.40 131.60 35.10 Index Points [+]
Import Prices 116.65 115.66 138.30 11.46 Price Index [+]


Philippines Inflation Rate Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.10 62.80 -2.10 1958 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.00 Jun/17
Canada 1.00 Jun/17
China 1.50 Jun/17
Euro Area 1.30 Jun/17
France 0.70 Jun/17
Germany 1.60 Jun/17
India 1.54 Jun/17
Indonesia 4.37 Jun/17
Italy 1.20 Jun/17
Japan 0.40 May/17
Mexico 6.31 Jun/17
Netherlands 1.10 Jun/17
Russia 4.40 Jun/17
South Korea 1.90 Jun/17
Spain 1.50 Jun/17
Switzerland 0.20 Jun/17
Turkey 10.90 Jun/17
United Kingdom 2.60 Jun/17
United States 1.60 Jun/17