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

Consumer prices in Philippines rose 3.4 percent year-on-year in April of 2017, the same as in March. The inflation rate remained at its highest since November 2014. Core consumer prices rose 3.0 percent from a year earlier, following a 2.9 percent rise in a month earlier and marking the highest figure since October 2014. On a monthly basis, consumer prices went up 0.2 percent, the same as in the prior month and staying at its lowest level since October 2016. Inflation Rate in Philippines averaged 8.55 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 Reference Actual Previous Consensus Forecast (i)
2017-03-07 01:00 AM Feb 3.3% 2.7% 3.3% 3.4%
2017-04-05 01:00 AM Mar 3.4% 3.3% 3.4% 3.2%
2017-05-05 01:00 AM Apr 3.4% 3.4% 3.4%
2017-06-06 01:00 AM May 3.4% 3.4%
2017-07-05 01:00 AM Jun 3.2%
2017-08-04 01:00 AM Jul 3.1%




Philippines Inflation Rate Stays At 28-Month High


Consumer prices in Philippines rose 3.4 percent year-on-year in April of 2017, the same as in March. The inflation rate remained at its highest since November 2014, driven by faster rises in cost of food and transport while cost of housing and utilities increased further.

In April, upward price pressures came from all components: alcoholic beverages and tobacco (6.3 percent from 6.4 percent in the prior month), clothing and footwear (2.7 percent from 2.9 percent); housing, water, electricity, gas and other fuels (3.6 percent from 4.0 percent); furnishing, households equipment and routine maintenance (2.4 percent from 2.5 percent), health (2.5 percent from 2.8 percent), transport (3.2 percent from 2.6 percent), communication (0.3 percent from 0.2 percent), recreation and culture (1.5 percent from 1.8 percent), education (1.8 percent from 1.8 percent) and restaurants and miscellaneous goods and services (1.5 percent from 1.7 percent). Prices of heavily-weighted food and non-alcoholic beverages also went up 4.2 percent, faster than a 4.0 percent rise in March. 

Core consumer prices rose 3.0 percent from a year earlier, following a 2.9 percent rise in a month earlier and marking the highest figure since October 2014. 

On a monthly basis, consumer prices went up 0.2 percent, the same as in the prior month and staying at its lowest level since October 2016. Prices increased for: food and non-alcoholic beverages (0.2 percent), alcoholic beverages and tobacco (0.2 percent); clothing and footwear (0.1 percent); housing, water, electricity, gas and other fuels (0.2 percent); furnishing, households equipment and routine maintenance (0.1 percent); health (0.1 percent), transport (0.6 percent) and communication (0.1 percent). Cost was unchanged for: recreation and culture, education and restaurant and miscelleneous goods and services.

PSA l Rida Husna | rida@tradingeconomics.com
5/5/2017 9:34:38 AM



Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 3.40 62.80 -2.10 percent [+]
Inflation Rate Mom 0.20 0.20 9.00 -4.60 percent [+]
Consumer Price Index CPI 147.80 147.50 147.80 1.30 Index Points [+]
Core Consumer Prices 143.70 143.20 143.70 75.20 Index Points [+]
Core Inflation Rate 3.00 2.90 7.25 1.40 percent [+]
GDP Deflator 177.91 186.59 186.59 12.87 Index Points [+]
Producer Prices 135.85 138.91 180.70 81.10 Index Points [+]
Producer Prices Change 1.10 0.50 17.50 -10.00 percent [+]
Cpi Housing Utilities 133.50 133.20 133.50 43.60 Index Points [+]
Food Inflation 4.20 4.00 17.29 -0.78 percent [+]
Export Prices 103.71 110.45 133.52 8.57 Price Index [+]
Cpi Transportation 131.60 130.80 131.60 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.40 62.80 -2.10 1958 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.40 Apr/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17