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

The inflation rate in Philippines was recorded at 4.40 percent in September 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.

   
 
 

Philippines Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.90 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 Wednesday, October 22, 2014.


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.

Year-on-year, prices were slowing for heavily-weighted food and non-alcoholic beverages  (+7.4 percent in September from 8.3 percent in August); housing, water, electricity, gas and other fuels (+2.2 percent from +2.7 percent) and transport (+0.7 percent from +1.1 percent). In contrast, prices were higher for clothing and footwear (+3.6 percent from +3.4 percent); furnishing, household equipment and routine maintenance of the house (+2.8 percent from +2.7 percent); health (3.5 percent from 3.3 percent); communiction (+0.1 percent from +0.0 percent); recreation and culture (+1.5 percent from +1.3 percent) and reataurant and miscellaneous goods and services (+1.8 percent from +1.7 percent). Costs of education recorded at 5.1 percent, unchanged from the previous month.
 
The annual gain in the food alone  index eased to 7.8 percent in September from 8.7 percent a month ago with slower yearly increases were noticed on rice, corn and vegetables.
 
On a monthly basis, consumer prices slowed 0.1 percent from a 0.3 percent increase a month earlier. Downward price pressures were seen for housing, water, electricity, gas and other fuels and transport  (-0.2 percent from 0.2 percen in August), food and non-alcoholic beverages  (+0.2 percent from +0.6 percent) and clothing and footwear (+0.2 percent from +0.3 percent). Uptrend prices were recorded for alcoholic beverages and tobacco (+0.2 percent from +0.1 percent); health (+0.3 percent from +0.1 percent); recreation and culture (+0.2 percent from +0.1 percent); recreation and culture and restaurant and miscellaneous goods and services (+ 0.2 percent from +0.1 percent respectively) and transport (-0.2 percent from -0.4 percent).

National Statistics Office l Rida l rida@tradingeconomics.com
10/8/2014 4:03:45 AM


Recent Releases

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

Philippines Inflation Accelerates in July
Philippines annual inflation rate increased to 4.9 percent in July of 2014 from 4.4 percent in the previous month, mostly driven by rising cost of food and non-alcoholic beverages. Published on 2014-08-05


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-04 02:00 AM Philippines
Inflation Rate YoY
Jun 2014 4.4% 4.5% 4.6% 4.75%
2014-08-05 02:00 AM Philippines
Inflation Rate YoY
Jul 2014 4.9% 4.4% 4.5% 4.59%
2014-09-05 02:00 AM Philippines
Inflation Rate YoY
Aug 2014 4.9% 4.9% 5.0% 4.5%
2014-10-08 02:00 AM Philippines
Inflation Rate YoY
Sep 2014 4.4% 4.9% 4.5% 4.46%
2014-11-05 01:00 AM Philippines
Inflation Rate YoY
Oct 2014 4.4% 4.32%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 4.40 4.90 62.80 -2.10 Percent [+]
Inflation Rate Mom 0.10 0.30 9.00 -4.60 Percent [+]
Consumer Price Index CPI 140.90 140.80 140.90 1.30 Index Points [+]
Core Inflation Rate 3.40 3.40 7.25 1.86 Percent [+]
Core Consumer Prices 135.70 135.60 135.70 75.20 Index Points [+]
GDP Deflator 170.89 170.11 179.42 12.35 Index Points [+]
Producer Prices 149.50 149.00 180.70 81.10 Index Points [+]
Producer Prices Change -2.22 -1.65 17.50 -10.00 Percent [+]
Food Inflation 7.36 8.30 17.29 -0.78 Percent [+]