Philippines Inflation Rate 1958-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Philippines was recorded at 2.40 percent in January of 2015. Inflation Rate in Philippines averaged 8.85 percent from 1958 until 2015, 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
2.40 2.70 62.80 -2.10 1958 - 2015 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 Saturday, February 28, 2015.


Philippines Inflation Slows to 18-Month Low in January


Philippines annual inflation rate eased to 2.4 percent in January of 2015 from 2.7 percent in December, as cost of utilities and transport declined while prices of other major categories slowed. It is the lowest rate since August 2013.

Year-on-year, cost of housing, water, electricity, gas and other fuels in January fell by 2.1 percent, following a 1.6 percent drop in December while cost of transport decreased by 1.3 percent, following a 1.0 percent fall in the preceding month.

Prices also slowed for: heavily-weighted food and non-alcoholic beverages (+5.4 percent in January from 5.5 percent in December); clothing and footwear (+3.2 percent from +3.5 percent); furnishing, household equipment and routine maintenance (+2.4 percent from +2.6 percent); health (+2.7 percent from +3.1 percent); communication (+0.0 percent from +0.1 percent); recreation and culture (+1.2 percent from +1.4 percent) and restaurant and miscellaneous goods and services (+1.6 percent from +1.8 percent). Meanwhile, cost of education in January remained stable from the previous month at 5.1 percent.

The food alone index eased to 5.6 percent in January from 5.7 percent a month earlier with annual increase in all of  food groups were slower except for fish, fruit and vegetables.

Core inflation decelerated further to 2.2 percent year-on-year in January, as compared to a 2.3 percent increase in December.

For 2015, the country's central bank targeted inflation at 2 to 4 percent.

On a monthly basis, consumer prices accelerated 0.4 percent, following a 0.2 percent drop in December. Prices increased for food and non-alcoholic beverages (+0.7 percent); alcoholic beverages and tobacco (+0.6 percent); clothing and footwear (+0.4 percent); health (+0.4 percent); furnishing, household equipment and routine maintenance (+0.3 percent) and recreation and culture (+0.1 percent). In contrast, cost of miscellaneous goods and services slowed to 0.1 percent while prices of transport and utilities declined by 0.2 percent and 0.1 percent respectively.

National Statistics Office l Rida Husna l rida@tradingeconomics.com
2/5/2015 3:59:34 AM


Recent Releases

Philippines Inflation Slows to 16-Month Low in December
Philippines annual inflation rate eased to 2.7 percent in December of 2014 from 3.7 percent in November due to lower cost of housing, water, electricity, other fuels and transport. It is the lowest rate since September 2013. Published on 2015-01-06

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. Published on 2014-12-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-05 01:00 AM
Inflation Rate YoY  Nov
3.7% 4.3% 4% 4.28%
2015-01-06 01:00 AM
Inflation Rate YoY  Dec
2.7% 3.7% 3.0% 3.38%
2015-02-05 01:00 AM
Inflation Rate YoY  Jan
2.4% 2.7% 2.3% 2.31%
2015-03-05 01:00 AM
Inflation Rate YoY  Feb
2.4% 2.3% 2.21%
2015-04-06 02:00 AM
Inflation Rate YoY  Mar
2.16%
2015-05-05 02:00 AM
Inflation Rate YoY  Apr
2.23%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.70 62.80 -2.10 percent [+]
Inflation Rate Mom 0.40 -0.20 9.00 -4.60 percent [+]
Consumer Price Index CPI 141.00 140.50 141.00 1.30 Index Points [+]
Core Inflation Rate 2.25 2.34 7.25 1.86 percent [+]
Core Consumer Prices 136.50 135.70 136.50 75.20 Index Points [+]
GDP Deflator 184.65 177.35 184.65 12.86 Index Points [+]
Producer Prices 147.60 149.00 180.70 81.10 Index Points [+]
Producer Prices Change -2.95 -0.60 17.50 -10.00 percent [+]
Food Inflation 5.35 5.53 17.29 -0.78 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.19 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]