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

Consumer prices in the Philippines increased by 2.8 percent year-on-year in July of 2017 following a downwardly revised 2.7 percent gain in the previous month and consistent with market expectations. It edged up from a 5-month low as prices for most commodity groups grew at a steady rate. Core consumer prices slowed to an 11-month low of 2.1 percent from 2.6 percent in June while markets estimated a 3.0 percent gain. On a monthly basis, consumer prices edged up 0.3 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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Philippines Inflation Rate Edges Up To 2.8% In July


Consumer prices in the Philippines were recorded at 2.8 percent year-on-year in July of 2017 compared to a downwardly revised 2.7 percent in the previous month and consistent with market expectations. It edged up from a 5-month low as prices for most commodity groups grew at a steady rate.

In July, price increased more than in a month earlier for: housing, water, electricity, gas and other fuels (2.2 percent from 2.1 percent); education (2.3 percent from 2.2 percent); transport (3.8 percent from 2.4 percent) and restaurants & miscellaneous goods & services (2.1 percent from 1.7 percent). Costs went up at a slower pace for: food & non-alcoholic beverages (3.3 percent from 3.5 percent); and furnishing, household equipment & routine maintenance of the house (2 percent from 2.1 percent). Inflation was steady for: alcoholic beverages & tobacco (6.2 percent); clothing & footwear (2.1 percent); health (2.4 percent); communication (0.2 percent); and recreation & culture (1.2 percent).
 
Core consumer prices slowed to an 11-month low of 2.1 percent, compared to a 2.6 percent increase in June.
 
On a monthly basis, consumer prices edged up 0.3 percent, compared to a downwardly revised flat reading in a month earlier. Prices increased at a faster rate for: clothing and footwear (0.2 percent from 0.1 percent in June); housing, water, electricity, gas & other fuels (0.3 percent from -1.2 percent); health (0.3 percent from 0.2 percent); transport (1.1 percent from -0.2 percent); and restaurant & miscelleneous goods & services (0.6 percent from 0.4 percent). In contrast, costs fell for food & non-alcoholic beverages (-0.1 percent from 0.4 percent), while costs were steady for: furnishing, household equipment & routine maintenance of the house (0.1 percent) and communication (0 percent).

The Central Bank of Philippines, Bangko Sentral ng Pilipinas, targets an inflation rate of 2 to 4 percent.
 

PSA l Charles | charles@tradingeconomics.com
8/4/2017 2:36:17 AM



Calendar GMT Actual Previous Consensus Forecast (i)
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% 2.7% 2.8% 2.9%
2017-09-05 01:00 AM Aug 2.8% 3%
2017-10-05 01:00 AM Sep 3.2%
2017-11-07 01:00 AM Oct 3.4%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 2.70 62.80 -2.10 percent [+]
Inflation Rate Mom 0.30 0.00 9.00 -4.60 percent [+]
Consumer Price Index CPI 148.30 148.00 148.30 1.30 Index Points [+]
Core Consumer Prices 143.30 143.80 143.80 75.20 Index Points [+]
Core Inflation Rate 2.10 2.60 7.25 1.40 percent [+]
GDP Deflator 177.82 177.96 186.59 12.87 Index Points [+]
Producer Prices 131.49 132.38 180.70 81.10 Index Points [+]
Producer Prices Change -2.80 -2.30 17.50 -10.00 percent [+]
Export Prices 92.36 103.71 133.52 8.57 Price Index [+]
CPI Housing Utilities 132.00 131.60 133.50 43.60 Index Points [+]
CPI Transportation 132.60 131.10 132.60 35.10 Index Points [+]
Food Inflation 3.50 3.80 17.29 -0.78 percent [+]
Import Prices 112.73 116.65 138.30 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.70 62.80 -2.10 1958 - 2017 percent Monthly



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.20 Jul/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17