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

Consumer prices in the Philippines rose by 4.5 percent year-on-year in April of 2018, after a 4.3 percent gain in the previous month and matching market estimates. It was the highest inflation rate since November 2011, as cost increased at a faster pace for housing and transport while food inflation remained at 3-1/2- year high. On a monthly basis, consumer prices went up by 0.5 percent, the same as a downwardly revised figure in a month earlier. Inflation Rate in Philippines averaged 8.42 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 6-1/2-Year High of 4.5%


Consumer prices in the Philippines rose by 4.5 percent year-on-year in April of 2018, after a 4.3 percent gain in the previous month and matching market estimates. It was the highest inflation rate since November 2011, as cost increased at a faster pace for housing and transport while food inflation remained at 3-1/2- year high.

In April, prices of heavily-weighted food and non-alcoholic beverages increased by 5.9 percent, similar to the previous month's figure. It remained the highest food inflation since October 2014. In addition, cost rose at a faster pace for: alcoholic beverages and tobacco (20 percent from 18.6 percent); clothing and footwear (2.2 percent from 2 percent); housing, water, electricity, gas and other fuels (3 percent from 2.9 percent); furnishing, household equipment and routine maintenance (2.8 percent from 2.7 percent); health (2.8 percent from 2.4); transport (4.9 percent from 4.6 percent);  recreation and culture (1.5 percent from 1.4 percent); and restaurant and miscellaneous goods and services (3.4 percent from 3 percent). Meantime, inflation was steady for communication (0.3 percent) and 
education (1.8 percent). 

On a monthly basis, consumer prices went up by 0.5 percent, the same as a downwardly revised figure in a month earlier. Prices increased for: food (0.4 percent); alcoholic beverages & tobacco (1.3 percent); clothing and footwear (1.8 percent); housing, water, electricity, gas, and other fuels (0.5 percent); furnishing, household equipment and routine maintenance of the house (0.3 percent); health (0.3 percent); transport (0.8 percent); recreation and culture (0.1 percent); and restaurants and miscellaneous goods and services (0.4 percent). Meanwhile, cost was flat for communication and education.

In March 2018, Philippine Statistics Authority decided to rebase CPI series to 2012 from 2006 in order to accommodate the economic changes in the country.

For 2018, the central bank set an inflation target range of between 2  to 4 percent. 


PSA l Rida Husna | rida@tradingeconomics.com
5/4/2018 3:44:10 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-06 01:00 AM Inflation Rate YoY 4.5% 4% 4.2% 3.6%
2018-04-05 01:00 AM Inflation Rate YoY 4.3% 3.8% 4.2% 4.0%
2018-05-04 01:00 AM Inflation Rate YoY 4.5% 4.3% 4.5% 4.1%
2018-06-05 01:00 AM Inflation Rate YoY 4.5% 4.3%
2018-07-05 01:00 AM Inflation Rate YoY 3.8%
2018-08-07 01:00 AM Inflation Rate YoY 4.2%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 4.50 4.30 62.80 -2.10 percent [+]
Inflation Rate Mom 0.50 0.50 9.00 -4.80 percent [+]
Consumer Price Index CPI 116.10 115.50 116.10 1.00 Index Points [+]
Core Consumer Prices 150.90 150.10 150.90 75.20 Index Points [+]
Core Inflation Rate 5.00 4.70 7.25 1.40 percent [+]
GDP Deflator 182.62 190.70 190.70 12.87 Index Points [+]
Producer Prices 132.80 132.60 180.70 81.10 Index Points [+]
Producer Prices Change -0.90 -1.20 17.50 -10.00 percent [+]
Food Inflation 5.90 5.90 17.30 -0.80 percent [+]
Import Prices 117.10 116.93 138.30 11.46 Price Index [+]
Export Prices 104.93 109.15 133.52 8.57 Price Index [+]
CPI Housing Utilities 110.20 109.60 110.20 97.90 Index Points [+]
CPI Transportation 103.30 102.50 103.30 91.90 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.30 62.80 -2.10 1958 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.76 Apr/18
Canada 2.20 Apr/18
China 1.80 Apr/18
Euro Area 1.20 Apr/18
France 1.60 Apr/18
Germany 1.60 Apr/18
India 4.58 Apr/18
Indonesia 3.41 Apr/18
Italy 0.50 Apr/18
Japan 0.60 Apr/18
Mexico 4.55 Apr/18
Netherlands 0.90 Apr/18
Russia 2.40 Apr/18
South Korea 1.60 Apr/18
Spain 1.10 Apr/18
Switzerland 0.80 Apr/18
Turkey 10.85 Apr/18
United Kingdom 2.40 Apr/18
United States 2.50 Apr/18


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