Philippines Inflation Rate 1958-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Philippines was recorded at 4.30 percent in October of 2014. Inflation Rate in Philippines averaged 8.88 Percent from 1958 until 2014, 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.

   
  Forecast  

Philippines Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.40 62.80 -2.10 1958 - 2014 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 - Philippines Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Philippines Inflation Rate - was last refreshed on Monday, November 24, 2014.


Philippines Inflation Rate Edges Down in October


Philippines annual inflation rate slowed to 4.3 percent in October of 2014 from 4.4 percent in September, mainly due to lower cost of food and non-alcoholic beverages, clothing and miscellaneous services. Core inflation also decelerated to 3.2 percent year-on-year from a 3.4 percent increase in the previous month.

Year-on-year, prices slowed for the heavily-weighted food and non-alcoholic beverages index (+7.0 percent in October from +7.4 percent in September); clothing and footwear (+3.4 percent from +3.6 percent) and restaurant and miscellaneous goods and services (+1.7 percent from +1.8 percent). In contrast, prices were  higher for transport (+0.8 percent from +0.7 percent) and housing and utilities (+2.4 percent from +2.2 percent). Costs remained unchanged for several commodity groups, including: alcoholic beverages and tobacco (+3.5 percent); furnishing, household equipment and routine maintenance (+2.8 percent); health (+3.5 percent); communication (+0.1 percent); recreation and culture (+1.5 percent) and education (+5.1 percent).

The annual gain in the food alone index eased to 7.2 percent in October from 7.4 percent a month ago. Slackening yearly increases were noticed on, among other, meat, fish, oil and fats, sugar and honey.

The Philippines's central bank targeted inflation to be between 3 to 5 percent for this year.

On a monthly basis, consumer prices rose 0.1 percent, the same clip registered in September. Lower prices were seen for petroleum products such as LPG, kerosene, gasoline and diesel. Prices were higher for rice, fish, milk, cheese, eggs, cooking oil and fruits in some selected regions.

National Statistics Office l Rida l rida@tradingeconomics.com
11/5/2014 10:38:16 AM


Recent Releases

Philippines Inflation Slows in September
Philippines annual inflation rate slowed to 4.4 percent in September of 2014 from 4.9 percent in August, mainly due to lowering costs of food and non-alcoholic beverages, utilities and transport. Core inflation was registered at 3.4 percent year-on-year, the same pace as in the previous month. Published on 2014-10-08

Philippines Inflation Rate Remains Steady in August
Philippines annual inflation rate was recorded at 4.9 percent in August of 2014, the same clip registered in July but above market expectations. Core inflation accelerated to a seventeen-month high. Published on 2014-09-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-05 02:00 AM
Inflation Rate YoY  Aug 2014
4.9% 4.9% 5.0% 4.5%
2014-10-08 02:00 AM
Inflation Rate YoY  Sep 2014
4.4% 4.9% 4.5% 4.46%
2014-11-05 01:00 AM
Inflation Rate YoY  Oct 2014
4.3% 4.4% 4.2% 4.32%
2014-12-05 01:00 AM
Inflation Rate YoY  Nov 2014
4.3% 4.28%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 4.30 4.40 62.80 -2.10 percent [+]
Inflation Rate Mom 0.10 0.10 9.00 -4.60 percent [+]
Consumer Price Index CPI 141.00 140.90 141.00 1.30 Index Points [+]
Core Inflation Rate 3.19 3.35 7.25 1.86 percent [+]
Core Consumer Prices 135.70 135.70 135.70 75.20 Index Points [+]
GDP Deflator 170.89 170.11 179.42 12.35 Index Points [+]
Producer Prices 152.00 151.10 180.70 81.10 Index Points [+]
Producer Prices Change -2.22 -1.65 17.50 -10.00 percent [+]
Food Inflation 6.98 7.36 17.29 -0.78 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.59 Oct/14 6.75 6821.31 1.65 percent [+]
Canada 2.40 Oct/14 2.00 21.60 -17.80 percent [+]
China 1.60 Oct/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.40 Oct/14 0.30 5.00 -0.70 percent [+]
France 0.50 Oct/14 0.30 18.80 -0.70 percent [+]
Germany 0.80 Oct/14 0.80 11.54 -7.62 percent [+]
India 5.52 Oct/14 6.46 11.16 5.52 percent [+]
Indonesia 4.83 Oct/14 4.53 82.40 -1.17 percent [+]
Italy 0.10 Oct/14 -0.20 25.64 -2.44 percent [+]
Japan 3.20 Sep/14 3.30 25.00 -2.52 percent [+]
Mexico 4.30 Oct/14 4.22 179.73 2.91 percent [+]
Netherlands 1.10 Oct/14 0.90 11.19 -1.30 percent [+]
Russia 8.30 Oct/14 8.00 2333.30 3.60 percent [+]
South Korea 1.20 Oct/14 1.10 32.50 0.20 percent [+]
Spain -0.10 Oct/14 -0.20 28.43 -1.37 percent [+]
Switzerland 0.00 Oct/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.96 Oct/14 8.86 138.71 -4.01 percent [+]
United Kingdom 1.30 Oct/14 1.20 8.50 0.50 percent [+]
United States 1.70 Oct/14 1.70 23.70 -15.80 percent [+]