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

Consumer prices in the Philippines rose by 5.2 percent year-on-year in June of 2018, after a 4.6 percent gain in the previous month and above market estimates of 4.8 percent. It is the highest inflation rate since October 2011, as food inflation hit near 4-year high while cost increased at a faster pace for housing and transport. On a monthly basis, consumer prices went up 0.6 percent, compared to a flat reading in May. It is the highest monthly figure since February. Inflation Rate in Philippines averaged 8.41 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 Highest Since October 2011


Consumer prices in the Philippines rose by 5.2 percent year-on-year in June of 2018, after a 4.6 percent gain in the previous month and above market estimates of 4.8 percent. It is the highest inflation rate since October 2011, as food inflation hit near 4-year high while cost increased at a faster pace for housing and transport.

In June, prices of heavily-weighted food and non-alcoholic beverages increased by 6.1 percent, following a 5.7 percent in May. It is the highest food inflation since September 2014. 

In addition, cost rose at a faster pace for: alcoholic beverages and tobacco (20.8 percent from 20.5 percent in May); housing, water. electricity, gas and other fuels (4.6 percent from 3 percent); furnishing, household equipment and routine maintenance (3 percent from 2.9 percent); transport (7 percent from 6.2 percent); communication (0.4 percent from 0.3 percent); and education (4 percent from 1.8 percent). Meantime, inflation was steady for: clothing and footwear (2.2 percent); while went up at a softer rate for: health (2.7 percent from 2.8 percent); recreation and culture (1.4 percent from 1.5 percent); and restaurant and miscellaneous goods and services (3.6 percent from 3.7 percent). 

On a monthly basis, consumer prices went up 0.6 percent, compared to a flat reading in May. It is the highest monthly figure since February, as prices increased for all categories: food and non-alcoholic beverages (0.7 percent); alcoholic beverages & tobacco (5.9 percent); clothing and footwear (0.2 percent); housing, water. electricity, gas and other fuels (0.2 percent); furnishing, household equipment and routine maintenance of the house (0.2 percent); health (0.2 percent); transport (0.4 percent); communication (0.1 percent); recreation and culture (0.2 percent); education (3.75 percent); and restaurants and miscellaneous goods and services (0.3 percent).  

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 | rida@tradingeconomics.com
7/5/2018 3:54:08 AM



Calendar GMT Actual Previous Consensus TEForecast
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 4.6% 4.5% 4.9% 4.5%
2018-07-05 01:00 AM Inflation Rate YoY 5.2% 4.6% 4.8% 4.7%
2018-08-07 01:00 AM Inflation Rate YoY 5.2% 5.3%
2018-09-05 01:00 AM Inflation Rate YoY 5.5%
2018-10-05 01:00 AM Inflation Rate YoY 4.9%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 5.20 4.60 62.80 -2.10 percent [+]
Inflation Rate Mom 0.60 0.00 9.00 -4.80 percent [+]
Consumer Price Index CPI 116.80 116.10 116.80 1.00 Index Points [+]
Core Consumer Prices 115.20 114.70 115.20 59.24 Index Points [+]
Core Inflation Rate 4.30 3.60 7.25 1.40 percent [+]
GDP Deflator 182.62 190.70 190.70 12.87 Index Points [+]
Producer Prices 133.98 133.40 180.70 81.10 Index Points [+]
Producer Prices Change -1.80 0.50 17.50 -10.00 percent [+]
Food Inflation 6.10 5.70 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 110.20 110.00 110.20 97.90 Index Points [+]
CPI Transportation 104.70 104.30 104.70 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 4.60 62.80 -2.10 1958 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.40 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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