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

The inflation rate in Philippines was recorded at 4.90 percent in July of 2014. Inflation Rate in Philippines averaged 8.89 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.

   
 
 
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Philippines Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.90 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 Saturday, August 23, 2014.


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.

Year-on-year, the heavily-weighted food and non-alcoholic beverages picked up 8.2 percent in July from 7.4 percent in June. Costs of education slightly rose to 5.1 percent in the month from 5.0 percent last month, while that of utilities were slighty up to 2.4 percent from 2.3 percent in May. Prices of health services in July recorded a 3.2 percent increase from 3.0 percent rise in June. Costs of transport and culture and leisure also gained to 1.5 percent from 1.3 percent and to 1.3 percent from 1.2 percent in June.
 
Prices of food alone at the national level grew by 8.7 percent annually in July compared with 7.8 percent last month and 2.3 percent in the same month a year ago.
 
Inflation rate in National Capital Region (NCR) in July was recorded at 3.9 percent on yearly basis and standing higher at area outside the NCR with 5.1 percent in the month.
 
On a monthly basis, the inflation rate rose 0.6 percent in July from 0.4 percent in June. The upward price adjustments happened in the heavily-weighted food items such as rice, fruits, vegetables, meat, fish, milk and eggs. Higher prices of gasoline nationwide and more expensive  in medicines and selected items for personal care in many regions were also recorded during the month.

Philippines Statistics Agency l Rida l rida@tradingeconomics.com
8/5/2014 9:44:39 AM


Recent Releases

Philippines Inflation Rate Slows in June
Philippines annual inflation rate eased to 4.4 percent in June of 2014 from 4.5 percent in the previous month, driven by softening prices of alcoholic beverages and tobacco, utilities, housing and leisure. Though inflation is slowing, it is still closer to the upper bound of the central bank’s target range 3 to 5 percent for this year. Published on 2014-07-04

Philippines Inflation Rate Up to 2-1/2-Year High
Philippines annual inflation rate accelerated to 4.5 percent in May of 2014 from 4.1 percent in the previous month, driven by higher food, utilities and housing costs. It is the highest rate in thirty months, approaching the upper bound of the central bank’s target range 3 to 5 percent. Published on 2014-06-05


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-06 02:00 AM Philippines
Inflation Rate YoY
Apr 2014 4.1% 3.9% 4.0% 4.2%
2014-06-05 02:00 AM Philippines
Inflation Rate YoY
May 2014 4.5% 4.1% 4.2% 4.24%
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% 4.2%


Prices Last Previous Highest Lowest Unit
Inflation Rate 4.90 4.40 62.80 -2.10 Percent [+]
Inflation Rate Mom 0.60 0.40 9.00 -4.60 Percent [+]
Consumer Price Index (CPI) 140.40 139.60 140.40 1.30 Index Points [+]
Core Inflation Rate 3.05 2.82 7.25 1.86 Percent [+]
Core Consumer Prices 135.20 134.90 135.20 75.20 Index Points [+]
GDP Deflator 169.85 179.42 179.42 12.35 Index Points [+]
Producer Prices 148.90 150.40 180.70 81.10 Index Points [+]
Producer Prices Change -2.80 -1.10 17.50 -10.00 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.50 Jul/14 6.52 6821.31 1.65 Percent [+]
Canada 2.10 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.30 Jul/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Jul/14 0.50 5.00 -0.70 Percent [+]
France 0.50 Jul/14 0.50 18.80 -0.70 Percent [+]
Germany 0.85 Jul/14 1.04 11.54 -7.62 Percent [+]
India 7.96 Jul/14 7.31 11.16 7.31 Percent [+]
Indonesia 4.53 Jul/14 6.70 82.40 -1.17 Percent [+]
Italy 0.09 Jul/14 0.28 25.64 -2.44 Percent [+]
Japan 3.60 Jun/14 3.70 25.00 -2.52 Percent [+]
Mexico 4.07 Jul/14 3.75 179.73 2.91 Percent [+]
Netherlands 0.89 Jul/14 0.93 11.19 -1.30 Percent [+]
Russia 7.50 Jul/14 7.80 2333.30 3.60 Percent [+]
South Korea 1.60 Jul/14 1.70 32.50 0.20 Percent [+]
Spain -0.34 Jul/14 0.09 28.43 -1.37 Percent [+]
Switzerland 0.00 Jul/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.32 Jul/14 9.16 138.71 -4.01 Percent [+]
United Kingdom 1.60 Jul/14 1.90 8.50 0.50 Percent [+]
United States 2.00 Jul/14 2.10 23.70 -15.80 Percent [+]





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