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

The inflation rate in Philippines was recorded at 3.70 percent in November 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
3.70 4.30 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 Friday, December 19, 2014.


Philippines Inflation Rate Eases in November


Philippines annual inflation rate decelerated to 3.7 percent in November of 2014 from 4.3 percent in October, mainly due to lower cost of food and non-alcoholic beverages; housing, water, electricity, gas and other fuels. It is the lowest rate since December 2013.

Year-on-year, prices slowed for the heavily-weighted food and non-alcoholic beverages (+6.5 percent in November from 7.0 percent in October); routine maintenance and household equipment (+2.7 percent from +2.8 percent); housing, water, electricity, gas and other fuels (+0.3 percent from +2.4 percent) and transport (+0.2 percent from 0.8 percent). In contrast, prices were higher for alcoholic beverages and tobacco (+4.1 percent from +3.5 percent), clothing and footwear (+3.5 percent from +3.4 percent) and restaurants and miscellaneous goods and services (+1.8 percent from +1.7 percent). Prices remained unchanged for health (+3.5 percent), communication (+0.1 percent) and recreation and culture (+1.5 percent).
 
The year-on-year growth of the food alone index decelerated to 6.7 percent in November from 7.2 percent a month earlier, but up from 4.0 percent rise in the same month a year ago. All food categories recorded slower annual upticks except for milk, cheese and egg.

 Core inflation also eased to 2.7 percent year-on-year from a 3.2 percent increase a month earlier.

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

On a monthly basis, consumer prices dropped 0.1 percent in November from 0.1 percent increase in October. Decreases were noted in prices of housing, water, electricity, gas and other fuels and transport . Prices were slower for food and non-alcoholic beverages and routine maintenance and household equipment. In contrast, price were higher for alcoholic beverages and miscellaneous goods and services.

National Statistics Office l Rida l rida@tradingeconomics.com
12/5/2014 9:13:12 AM


Recent Releases

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. Published on 2014-11-05

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-08 02:00 AM
Inflation Rate YoY  Sep
4.4% 4.9% 4.5% 4.46%
2014-11-05 01:00 AM
Inflation Rate YoY  Oct
4.3% 4.4% 4.2% 4.32%
2014-12-05 01:00 AM
Inflation Rate YoY  Nov
3.7% 4.3% 4% 4.28%
2015-01-07 01:00 AM
Inflation Rate YoY  Dec
3.38%
2015-02-05 01:00 AM
Inflation Rate YoY  Jan
3.08%
2015-03-05 01:00 AM
Inflation Rate YoY  Feb
2.83%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 3.70 4.30 62.80 -2.10 percent [+]
Inflation Rate Mom -0.10 0.10 9.00 -4.60 percent [+]
Consumer Price Index CPI 140.80 141.00 141.00 1.30 Index Points [+]
Core Inflation Rate 2.73 3.19 7.25 1.86 percent [+]
Core Consumer Prices 135.70 135.70 135.70 75.20 Index Points [+]
GDP Deflator 177.13 171.03 179.42 12.35 Index Points [+]
Producer Prices 151.00 152.20 180.70 81.10 Index Points [+]
Producer Prices Change -0.40 0.73 17.50 -10.00 percent [+]
Food Inflation 6.46 6.98 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 6.56 Nov/14 6.59 6821.31 1.65 percent [+]
Canada 2.40 Oct/14 2.00 21.60 -17.80 percent [+]
China 1.40 Nov/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.30 Nov/14 0.40 5.00 -0.70 percent [+]
France 0.30 Nov/14 0.50 18.80 -0.70 percent [+]
Germany 0.57 Nov/14 0.80 11.54 -7.62 percent [+]
India 4.38 Nov/14 5.52 11.16 4.38 percent [+]
Indonesia 6.23 Nov/14 4.83 82.40 -1.17 percent [+]
Italy 0.19 Nov/14 0.10 25.64 -2.44 percent [+]
Japan 2.90 Oct/14 3.20 25.00 -2.52 percent [+]
Mexico 4.17 Nov/14 4.30 179.73 2.91 percent [+]
Netherlands 1.00 Nov/14 1.10 11.19 -1.30 percent [+]
Russia 9.10 Nov/14 8.30 2333.30 3.60 percent [+]
South Korea 1.00 Nov/14 1.20 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland -0.10 Nov/14 0.00 11.92 -1.37 percent [+]
Turkey 9.15 Nov/14 8.96 138.71 -4.01 percent [+]
United Kingdom 1.00 Nov/14 1.30 8.50 0.50 percent [+]
United States 1.30 Nov/14 1.70 23.70 -15.80 percent [+]