The annual inflation rate in the Philippines unexpectedly edged down to 4.8 percent in September 2021 from August's 32-month high of 4.9 percent and compared with market consensus of 5.1 percent. Cost rose at a slower pace for transport (5.5 percent vs 8.4 prcent in August), food & non-alcoholic beverages (6.4 percent vs 6.5 percent), and education (1.2 percent vs 1.4 percent). At the same time, inflation was unchanged for clothing (at 2.1 percent), furnishing and household maintenance (at 2.8 percent), health (at 3.2 percent), and communication (at 0.3 percent). Meantime, prices went up faster for alcoholic beverages & tobacco (10.5 percent vs 10.2 percent), housing (4.3 percent vs 3.7 percent), restaurant & miscellaneous goods and services (4.2 percent vs 4.1 percent), and recreation & culture (1.2 percent vs 0.9 percent). The latest reading stayed beyond the central bank's target of 2 to 4 percent. On a monthly basis, consumer prices were flat after gaining 0.6 percent in August. source: Philippine Statistics Authority
Inflation Rate in Philippines averaged 8.16 percent from 1958 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Inflation Rate in Philippines is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.