Philippines Inflation Rate  1958-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Philippines rose 1.9 percent year-on-year in June of 2016, compared to a 1.6 percent in May. It was the highest inflation rate since April 2015 as prices rose at a faster pace for most categories. Core consumer prices also rose 1.9 percent from a year earlier, up from 1.6 percent in the preceding month. It was the highest figure since December 2015. On a monthly basis, consumer prices rose 0.4 percent, following a 0.3 percent rise in April. It was the fastest inflation rate since November 2015. Inflation Rate in Philippines averaged 8.63 percent from 1958 until 2016, 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. Inflation Rate in Philippines is reported by the National Statistics Office of Philippines.

Philippines Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.60 62.80 -2.10 1958 - 2016 percent Monthly
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-05 01:00 AM Apr 1.1% 1.1% 1.2% 1.26%
2016-06-07 01:00 AM May 1.6% 1.1% 1.4% 1.3%
2016-07-05 01:00 AM Jun 1.9% 1.6% 1.9% 1.9%
2016-08-05 01:00 AM Jul 1.9% 2.0%
2016-09-06 01:00 AM Aug 1.9%
2016-10-05 01:00 AM Sep 2.1%

Philippines Inflation Rate at 14-Month High


Consumer prices in Philippines rose 1.9 percent year-on-year in June of 2016, compared to a 1.6 percent in May. It was the highest inflation rate since April 2015 as prices of food and non-alcoholic beverages rose at a faster pace while cost of housing and utilities declined much less than in a month earlier.

Year-on-year, prices of heavily-weighted food and non-alcoholic beverages stood at 2.9 percent, up from 2.3 percent in May. Cost also accelerated for: alcoholic beverages and tobacco (+5.7 percent from +5.6 percent), clothing and footwear (+2.5 percent from +2.4 percent); furnishing, households equipment and routine maintenance (+1.8 percent from +1.6 percent), health (+2.5 from +2.4 percent), recreation and culture (+1.7 percent from +1.6 percent) and restaurant and miscellaneous goods and services (+2.3 percent from +2.2 percent). In contrast, cost fell for housing, water, electricity, gas and other fuels (-0.4 percent from -1.2 percent). While cost was steady for communication (+0.2 percent), prices remained unchanged for transport (from +0.1 percent in the preceding month).

Core consumer prices also rose 1.9 percent from a year earlier, up from 1.6 percent in the preceding month. It was the highest figure since December 2015.

On a monthly basis, consumer prices rose 0.4 percent, following a 0.3 percent rise in April. It was the fastest inflation rate since November 2015. Prices increased for: food and non-alcoholic beverages (+0.6 percent), alcoholic beverages and tobacco (+0.3 percent), clothing and footwear (+0.3 percent); housing, water, electricity, gas and other fuels (+0.2 percent); furnishing, households equipment and routine maintenance (+0.3 percent), transport (+0.1 percent), health (+0.2 percent), recreation and culture (+0.4 percent), education (+1.8 percent) and restaurant and restaurant and miscellaneous goods and services (+0.3 percent). Cost remained unchanged for communication.

PSA l Rida Husna | rida@tradingeconomics.com
7/5/2016 3:34:34 AM

Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.60 62.80 -2.10 percent [+]
Inflation Rate Mom 0.40 0.30 9.00 -4.60 percent [+]
Consumer Price Index CPI 144.00 143.40 144.00 1.30 Index Points [+]
Core Consumer Prices 140.20 139.70 140.20 75.20 Index Points [+]
Core Inflation Rate 1.90 1.60 7.25 1.40 percent [+]
GDP Deflator 173.04 182.72 184.73 12.87 Index Points [+]
Producer Prices 134.90 135.40 180.70 81.10 Index Points [+]
Producer Prices Change -3.80 -3.20 17.50 -10.00 percent [+]
Food Inflation 2.90 2.30 17.29 -0.78 percent [+]
Export Prices 101.43 111.63 133.52 8.57 Price Index [+]
Cpi Transportation 128.10 128.00 128.80 35.10 Index Points [+]
Import Prices 110.01 113.89 138.30 11.46 Price Index [+]




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Latvia -0.50 Jun/16
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Libya 10.10 Nov/15
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Lithuania 0.70 Jun/16
Luxembourg 0.02 Jun/16
Macau 2.26 Jun/16
Macedonia -0.70 Jun/16
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Portugal 0.50 Jun/16
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Qatar 2.50 Jun/16
Republic of the Congo 3.70 Apr/15
Romania -0.70 Jun/16
Russia 7.50 Jun/16
Rwanda 6.30 Jun/16
Sao Tome and Principe 6.20 May/16
Saudi Arabia 4.10 May/16
Senegal 1.60 May/16
Serbia 0.30 Jun/16
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