Philippines Inflation Rate  1958-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Philippines rose 3.3 percent year-on-year in February of 2017, following a 2.7 percent increase in January and in line with markets expectations. It was the highest inflation rate since November 2014, as prices went up at a faster pace for food, housing and utilities and transport. Compared to a year earlier, cost of housing and utilities increased by 2.9 percent (from 1.8 percent in the prior month). Also, cost of transport rose 2.8 percent (from 2.4 percent). Prices of heavily-weighted food and non-alcoholic beverages went up 4.1 percent, compared to a 3.4 percent rise in January. Core inflation rate rose 2.7 percent year-on-year, compared to a 2.5 percent rise in a month earlier and slightly above consensus of a 2.6 percent gain. It was the highest figure since November 2014. On a monthly basis, consumer prices went up 0.3 percent, the same pace as in the prior two months. Inflation Rate in Philippines averaged 8.56 percent from 1958 until 2017, 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-05 01:00 AM Dec 2.6% 2.5% 2.4%
2017-02-07 01:00 AM Jan 2.7% 2.6% 2.8% 2.8%
2017-03-07 01:00 AM Feb 3.3% 2.7% 3.3% 3.4%
2017-04-05 01:00 AM Mar 3.3% 3.6%
2017-05-05 01:00 AM Apr 3.4%
2017-06-06 01:00 AM May 3.3%




Philippines Inflation Rate At 27-Month High Of 3.3%


Consumer prices in Philippines rose 3.3 percent year-on-year in February of 2017, following a 2.7 percent increase in January and in line with markets expectations. It was the highest inflation rate since November 2014, as prices went up at a faster pace for food, housing and utilities and transport.

In February, upward price pressures came from: alcoholic beverages and tobacco (6.0 percent from 5.6 percent in the prior month), clothing and footwear (2.8 percent from 2.8 percent), housing, water, electricity, gas and other fuels (2.9 percent from 1.8 percent), furnishing households equipment and routine maintenance (2.3 percent from 2.3 percent), health (2.6 percent from 2.6 percent), transport (2.8 percent from 2.4 percent), communication (0.2 percent from 0.1 percent), recreation and culture (1.8 percent from 1.9 percent), education (1.8 percent from 1.8 percent) and restaurants and miscellaneous goods and services (2.1 percent from 2.2 percent). Prices of heavily-weighted food and non-alcoholic also beverages went up 4.1 percent, compared to a 3.4 percent rise in January. 

Core inflation rate rose 2.7 percent year-on-year, compared to a 2.5 percent rise in the prior month and slightly above consensus of a 2.6 percent gain. It was the highest figure since November 2014.

On a monthly basis, consumer prices went up 0.3 percent, the same pace as in the prior two months. Prices rose for: food and non-alcoholic beverages (0.1 percent); alcoholic beverages and tobacco (1.0 percent); clothing and footwear (0.1 percent); housing, water, electricity, gas and other fuels (1.2 percent); furnishing, households equipment and routine maintenance (0.1 percent); health (0.3 percent); communication (0.1 percent), recreation and culture (0.1 percent) and restaurant and miscelleneous goods and services (0.1. percent). In contrast, cost of transport fell 0.5 percent while cost of education remained unchanged.

PSA l Rida Husna | rida@tradingeconomics.com
3/7/2017 5:42:27 AM



Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 3.30 2.70 62.80 -2.10 percent [+]
Inflation Rate Mom 0.30 0.30 9.00 -4.60 percent [+]
Consumer Price Index CPI 147.20 146.80 147.20 1.30 Index Points [+]
Core Consumer Prices 142.80 142.40 142.80 75.20 Index Points [+]
Core Inflation Rate 2.70 2.50 7.25 1.40 percent [+]
GDP Deflator 186.39 178.29 186.39 12.87 Index Points [+]
Producer Prices 138.20 138.20 180.70 81.10 Index Points [+]
Producer Prices Change 2.00 -0.70 17.50 -10.00 percent [+]
Food Inflation 4.10 3.40 17.29 -0.78 percent [+]
Export Prices 110.45 91.18 133.52 8.57 Price Index [+]
Cpi Transportation 130.10 130.80 131.30 35.10 Index Points [+]
Import Prices 115.66 111.24 138.30 11.46 Price Index [+]



Philippines Inflation Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 2.70 62.80 -2.10 1958 - 2017 percent Monthly



Last
Afghanistan 4.10 Feb/17
Albania 2.20 Feb/17
Algeria 8.21 Jan/17
Angola 39.45 Feb/17
Argentina 40.50 Apr/16
Armenia -0.20 Feb/17
Aruba -0.40 Jan/17
Australia 1.50 Dec/16
Austria 2.20 Feb/17
Azerbaijan 12.50 Feb/17
Bahamas 0.80 Dec/16
Bahrain 0.40 Feb/17
Bangladesh 5.30 Feb/17
Barbados 0.00 Sep/16
Belarus 7.00 Feb/17
Belgium 2.97 Feb/17
Belize 0.90 Jan/17
Benin -0.90 Jan/17
Bhutan 3.71 Dec/16
Bolivia 3.46 Feb/17
Bosnia and Herzegovina 0.70 Jan/17
Botswana 3.40 Feb/17
Brazil 4.76 Feb/17
Brunei -0.20 Feb/17
Bulgaria 1.70 Feb/17
Burkina Faso -1.70 Dec/16
Burundi 12.90 Jan/17
Cambodia 3.87 Dec/16
Cameroon 0.55 Sep/17
Canada 2.00 Feb/17
Cape Verde -1.30 Jan/17
Cayman Islands 0.60 Dec/16
Central African Republic 38.04 Feb/16
Chad -4.40 Oct/16
Chile 2.70 Feb/17
China 0.80 Feb/17
Colombia 5.18 Feb/17
Comoros 1.40 Dec/14
Congo 33.89 Jan/17
Costa Rica 1.09 Feb/17
Croatia 1.40 Feb/17
Cuba 4.50 Dec/16
Cyprus 1.70 Feb/17
Czech Republic 2.50 Feb/17
Denmark 1.00 Feb/17
Djibouti 2.40 Dec/16
Dominican Republic 3.34 Feb/17
East Timor 0.20 Feb/17
Ecuador 0.96 Feb/17
Egypt 30.20 Feb/17
El Salvador 0.29 Feb/17
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 3.40 Feb/17
Ethiopia 7.00 Feb/17
Euro Area 2.00 Feb/17
European Union 1.90 Feb/17
Fiji 5.50 Feb/17
Finland 1.20 Feb/17
France 1.20 Feb/17
Gabon 2.09 Feb/16
Gambia 7.43 Sep/16
Georgia 5.50 Feb/17
Germany 2.20 Feb/17
Ghana 13.20 Feb/17
Greece 1.30 Feb/17
Guatemala 3.96 Feb/17
Guinea 8.70 Dec/16
Guinea Bissau 1.60 Dec/16
Guyana 1.40 Dec/16
Haiti 14.10 Jan/17
Honduras 3.84 Feb/17
Hong Kong -0.10 Feb/17
Hungary 2.90 Feb/17
Iceland 1.90 Feb/17
India 3.65 Feb/17
Indonesia 3.83 Feb/17
Iran 9.60 Jan/17
Iraq -0.80 Feb/17
Ireland 0.50 Feb/17
Israel 0.40 Feb/17
Italy 1.60 Feb/17
Ivory Coast 1.50 Feb/17
Jamaica 3.60 Feb/17
Japan 0.40 Jan/17
Jordan 4.60 Feb/17
Kazakhstan 7.80 Feb/17
Kenya 9.04 Feb/17
Kosovo 1.70 Feb/17
Kuwait 3.29 Jan/17
Kyrgyzstan 1.30 Feb/17
Laos 2.27 Jan/17
Latvia 3.30 Feb/17
Lebanon 4.93 Feb/17
Lesotho 5.30 Dec/16
Liberia 8.50 Sep/16
Libya 29.40 Sep/16
Liechtenstein 0.60 Feb/17
Lithuania 3.00 Feb/17
Luxembourg 1.80 Feb/17
Macau 0.37 Feb/17
Macedonia 0.20 Feb/17
Madagascar 7.00 Dec/16
Malawi 16.10 Feb/17
Malaysia 4.50 Feb/17
Maldives 2.00 Jan/17
Mali -0.80 Dec/16
Malta 1.20 Feb/17
Mauritania 2.80 Dec/16
Mauritius 1.30 Feb/17
Mexico 4.86 Feb/17
Moldova 4.70 Feb/17
Mongolia 2.10 Feb/17
Montenegro 2.50 Feb/17
Morocco 1.60 Feb/17
Mozambique 20.88 Feb/17
Myanmar 11.19 Jun/16
Namibia 7.80 Feb/17
Nepal 3.20 Jan/17
Netherlands 1.80 Feb/17
New Caledonia 0.90 Jan/17
New Zealand 1.30 Dec/16
Nicaragua 3.69 Feb/17
Niger -2.20 Dec/16
Nigeria 17.78 Feb/17
North Korea 55.00 Jul/13
Norway 2.50 Feb/17
Oman 2.38 Feb/17
Pakistan 4.22 Feb/17
Palestine 0.62 Feb/17
Panama 1.90 Feb/17
Papua New Guinea 6.80 Sep/16
Paraguay 2.30 Feb/17
Peru 3.25 Feb/17
Philippines 3.30 Feb/17
Poland 2.20 Feb/17
Portugal 1.60 Feb/17
Puerto Rico 0.70 Jan/17
Qatar 0.70 Feb/17
Republic of the Congo 3.70 Apr/15
Romania 0.20 Feb/17
Russia 4.60 Feb/17
Rwanda 13.40 Feb/17
Sao Tome and Principe 4.90 Feb/17
Saudi Arabia -0.10 Feb/17
Senegal 2.00 Feb/17
Serbia 3.20 Feb/17
Seychelles -0.60 Feb/17
Sierra Leone 15.26 Nov/16
Singapore 0.70 Feb/17
Slovakia 1.20 Feb/17
Slovenia 2.20 Feb/17
Somalia -4.00 Dec/14
South Africa 6.30 Feb/17
South Korea 1.90 Feb/17
South Sudan 479.70 Dec/16
Spain 3.00 Feb/17
Sri Lanka 6.80 Feb/17
Sudan 32.86 Jan/17
Suriname 52.40 Dec/16
Swaziland 8.70 Dec/16
Sweden 1.80 Feb/17
Switzerland 0.60 Feb/17
Syria 51.10 Aug/16
Taiwan -0.04 Feb/17
Tajikistan 5.30 Jan/17
Tanzania 5.50 Feb/17
Thailand 1.44 Feb/17
Togo -1.40 Jan/17
Trinidad and Tobago 2.90 Nov/16
Tunisia 4.60 Feb/17
Turkey 10.13 Feb/17
Turkmenistan 6.17 Dec/16
Uganda 6.70 Feb/17
Ukraine 14.20 Feb/17
United Arab Emirates 2.30 Jan/17
United Kingdom 2.30 Feb/17
United States 2.70 Feb/17
Uruguay 7.10 Feb/17
Uzbekistan 5.70 Dec/16
Venezuela 800.00 Dec/16
Vietnam 5.02 Feb/17
Yemen 9.49 Nov/14
Zambia 6.80 Feb/17
Zimbabwe 0.06 Feb/17