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

Consumer prices in the Philippines rose 3.5 percent year-on-year in October of 2017, following a 3.4 percent increase in the previous month and matching market expectations. It was the highest inflation rate since November 2014. Core consumer prices went up 3.2 from a year earlier, compared to a 3.3 percent gain in the prior month. On a monthly basis, consumer prices rose 0.3 percent, slower than a 0.5 percent rise in September. Inflation Rate in Philippines averaged 8.50 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 at 35-Month High of 3.5% in October


Consumer prices in the Philippines rose 3.5 percent year-on-year in October of 2017, following a 3.4 percent increase in the previous month and matching market expectations. It was the highest inflation rate since November 2014, as cost of housing increased at a faster pace while cost of food and transport went up further.

In October, prices increased at a faster pace for: alcoholic beverages & tobacco (6.8 percent from 6.4 percent in September); housing, water electricity, gas & other fuels (4.0 percent from 3.8 percent); communication (0.4 percent from 0.3 percent) and restaurant & miscellaneous goods & services (2.6 percent from 2.4 percent). Prices of heavily-weighted food and non-alcoholic beverages also increased by 3.6 percent, the same as in the preceding month. Meantime, cost went up less than in a month earlier for: clothing and footwear (1.9 percent from 2.0 percent); health (2.2 percent from 2.3 percent) and transport (4.2 percent from 4.8 percent); while was steady for: furnishing, household equipment and routine maintenance (1.8 percent) and education (2.3 percent).

Core consumer prices edged up 3.2 year-on-year from 3.3 percent in the prior month.

On a monthly basis, consumer prices rose 0.3 percent, slower than a 0.5 percent rise in September. Prices increased for: food (0.4 percent); alcoholic beverages & tobacco (0.5 percent); clothing & footwear (0.1 percent); housing, water, electricity, gas & other fuels (0.3 percent); furnishing, household maintenance and routine maintenance (0.1 percent); health (0.1 percent); communication (0.1 percent); recreation & culture (0.2 percent) and restaurant and miscellaneous goods and services (0.4 percent). On the other hand, cost fell for transport (-0.3 percent). Cost was flat for education.

For 2017, the government expects inflation to be in a range between 2 to 4 percent.

PSA l Rida Husna | rida@tradingeconomics.com
11/7/2017 5:57:29 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-05 01:00 AM Inflation Rate YoY 3.1% 2.8% 3% 3%
2017-10-05 01:00 AM Inflation Rate YoY 3.4% 3.1% 3.2% 3.2%
2017-11-07 01:00 AM Inflation Rate YoY 3.5% 3.4% 3.5% 3.4%
2017-12-05 01:00 AM Inflation Rate YoY 3.5% 3.2%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 3.50 3.40 62.80 -2.10 percent [+]
Inflation Rate Mom 0.30 0.50 9.00 -4.60 percent [+]
Consumer Price Index CPI 149.90 149.50 149.90 1.30 Index Points [+]
Core Consumer Prices 145.40 145.40 145.40 75.20 Index Points [+]
Core Inflation Rate 3.20 3.30 7.25 1.40 percent [+]
GDP Deflator 182.10 177.82 186.59 12.87 Index Points [+]
Producer Prices 132.42 132.80 180.70 81.10 Index Points [+]
Producer Prices Change -0.50 -0.40 17.50 -10.00 percent [+]
Food Inflation 3.60 3.60 17.29 -0.78 percent [+]
Import Prices 110.43 112.73 138.30 11.46 Price Index [+]
Export Prices 92.20 92.36 133.52 8.57 Price Index [+]
CPI Housing Utilities 134.30 133.90 134.30 43.60 Index Points [+]
CPI Transportation 133.40 133.80 133.80 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.40 62.80 -2.10 1958 - 2017 percent Monthly




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.70 Oct/17
Canada 1.40 Oct/17
China 1.90 Oct/17
Euro Area 1.40 Oct/17
France 1.10 Oct/17
Germany 1.60 Oct/17
India 3.58 Oct/17
Indonesia 3.58 Oct/17
Italy 1.00 Oct/17
Japan 0.70 Sep/17
Mexico 6.37 Oct/17
Netherlands 1.30 Oct/17
Russia 2.70 Oct/17
South Korea 1.80 Oct/17
Spain 1.60 Oct/17
Switzerland 0.70 Oct/17
Turkey 11.90 Oct/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17