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

The inflation rate in Philippines was recorded at 2.50 percent in February of 2015. Inflation Rate in Philippines averaged 8.84 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
2.50 2.40 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 Tuesday, March 31, 2015.


Philippines Inflation Rate Accelerates in February


Philippines annual inflation rate inched up to 2.5 percent in February of 2015 from 2.4 percent in January, as mixed movements were observed among commodity groups. Core inflation also accelerated to 2.5 percent annually from a 2.2 percent increase in the preceding month.

Year-on-year, upward pressures came from food and non-alcoholic beverages (4.8 percent); alcoholic beverages and tobacco (3.9 percent); clothing and footwear (3.1 percent); furnishing, household equipment and routine maintenance of the house (2.2 percent); and restaurant and miscellaneous goods and services index (1.5 percent). 

Declines were however, recorded in the housing, water, electricity, gas and other fuels and transport indices at corresponding rates of -1.1 percent and -0.5 percent. The annual movement in communication index went down by 0.1 percent. The rest of the commodity groups retained their previous month’s rates.

On a monthly basis, consumer prices increased 0.1 percent, following a 0.4 percent rise in January. Prices declined for food and non-alcoholic beverages (-0.4 percent) and communication (-0.1 percent). While cost remained stable for education (+0.0 percent) and restaurant and miscellaneous goods and services (+0.1 percent), prices moderated for alcoholic beverages and tobacco (+0.5 percent); furnishing, household equipment and routine maintenance (+0.2 percent); health (+0.1 percent).

In contrast, prices rose for: housing, water, electricity, gas and other fuels (+0.9 percent); transport (+1.0 percent) and recreation and culture (+0.2 percent). 

National Statistics Office l Rida Husna l rida@tradingeconomics.com
3/5/2015 11:57:58 AM


Recent Releases

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. Published on 2015-02-05

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
2.5% 2.4% 2.5% 2.51%
2015-04-06 02:00 AM
Inflation Rate YoY  Mar
2.5% 2.16%
2015-05-05 02:00 AM
Inflation Rate YoY  Apr
2.23%
2015-06-05 02:00 AM
Inflation Rate YoY  May
2.37%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 2.50 2.40 62.80 -2.10 percent [+]
Inflation Rate Mom 0.10 0.40 9.00 -4.60 percent [+]
Consumer Price Index CPI 141.20 141.00 141.20 1.30 Index Points [+]
Core Inflation Rate 2.54 2.25 7.25 1.86 percent [+]
Core Consumer Prices 137.10 136.50 137.10 75.20 Index Points [+]
GDP Deflator 184.65 177.35 184.65 12.86 Index Points [+]
Producer Prices 144.20 147.50 180.70 81.10 Index Points [+]
Producer Prices Change -4.15 -2.95 17.50 -10.00 percent [+]
Food Inflation 4.81 5.35 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 7.70 Feb/15 7.14 6821.31 1.65 percent [+]
Canada 1.00 Feb/15 1.00 21.60 -17.80 percent [+]
China 1.40 Feb/15 0.80 28.40 -2.20 percent [+]
Euro Area -0.30 Feb/15 -0.60 5.00 -0.70 percent [+]
France -0.30 Feb/15 -0.40 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.37 Feb/15 5.19 11.16 4.38 percent [+]
Indonesia 6.29 Feb/15 6.96 82.40 -1.17 percent [+]
Italy -0.09 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.00 Feb/15 3.07 179.73 2.91 percent [+]
Netherlands 0.14 Feb/15 0.00 11.19 -1.30 percent [+]
Russia 16.70 Feb/15 15.00 2333.30 3.60 percent [+]
South Korea 0.50 Feb/15 0.80 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.80 Feb/15 -0.50 11.92 -1.37 percent [+]
Turkey 7.55 Feb/15 7.24 138.71 -4.01 percent [+]
United Kingdom 0.00 Feb/15 0.30 8.50 0.00 percent [+]
United States 0.00 Feb/15 -0.10 23.70 -15.80 percent [+]