Food prices in the Philippines advanced 3.1 percent year-on-year in December 2021, slowing from a 3.9 percent rise in the prior month and pointing to the lowest food inflation since October 2020. Cost eased for fish (7.0 percent vs 7.9 percent in November), rice (0.9 percent vs 1.0 percent); corn (14.4 percent vs 15.2 percent); milk, cheese, egg (1.1 percent vs 1.2 percent); while there was a decline faster in cost of vegetables (-10 percent vs -1.8 percent). Meantime, prices increased further for meat (11.3 percent vs 10.7 percent), fruits (1.0 percent vs 0.2 percent), other cereals, flour, cereal preparations (2.4 percent vs 2.2 percent); oils and fats (6.1 percent vs 5.9 percent); sugar, jam, honey, chocolate & confectionery (2.0 percent vs 1.8 percent); and food products, N.E.C (2.5 percent vs 2.2 percent). source: Philippine Statistics Authority

Food Inflation in Philippines averaged 4.74 percent from 1995 until 2021, reaching an all time high of 17.30 percent in July of 2008 and a record low of -0.90 percent in September of 2019. This page provides the latest reported value for - Philippines Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Food Inflation - values, historical data and charts - was last updated on January of 2022.

Food Inflation in Philippines is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Food Inflation is projected to trend around 3.00 percent in 2022, according to our econometric models.

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Philippines Food Inflation

Related Last Previous Unit Reference
Inflation Rate Mom 0.30 0.70 percent Dec/21
Consumer Price Index CPI 130.80 130.40 points Dec/21
Core Inflation Rate 3.00 3.30 percent Dec/21
Core Consumer Prices 128.60 128.40 points Dec/21
Producer Prices 92.69 92.66 points Nov/21
Food Inflation 3.10 3.90 percent Dec/21
CPI Transportation 122.90 124.40 points Dec/21
CPI Housing Utilities 120.20 119.70 points Dec/21