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

The inflation rate in Philippines was recorded at 4.90 percent in August 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.

   
 
 

Philippines Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.90 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 Friday, September 19, 2014.


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.

Year-on-year, price pressures were seen on the heavily-weighted food and non-alcoholic beverages, which picked up 8.3 percent in August of 2014 from 8.2 percent in July; clothing and footwear (+3.4 percent from 3.3 percent); housing, water, electricity and gas (+2.7 percent from 2.4 percent); health (+3.3 percent from 3.2 percent) and furnishing, household equipment and routine maintenance (+2.7 percent from 2.6 percent). In contrast, prices of transport (1.1 percent from 1.5 percent) and restaurants (1.7 percent from 1.8 percent) slowed.

The country’s inflation in the food alone index climbed to 8.7 percent in August of 2014, unchanged from last month.

Core inflation, which excludes selected food and energy items, advanced 3.4 percent in August of 2014, accelerating from 3.0 percent in the previous month.

On a monthly basis, consumer prices rose 0.3 percent in August of 2014, slowing from a 0.4 percent increase in the previous month. Downward price pressures were recorded for health and education, which slightly decelerated to 0.3 percent from 0.4 percent in July. In contrast, higher monthly gains were recorded for alcoholic beverages and tobacco (+0.8 percent from 0.7 percent), clothing and footwear (+0.4 percent from 0.2 percent), utilities (+0.3 percent from +0.2 percent), recreation and culture (0.2 percent from zero growth) and restaurant and miscellaneous goods and service (+0.2 percent from 0.1 percent).

National Statistical Office l Rida l rida@tradingeconomics.com
9/5/2014 9:37:42 AM


Recent Releases

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

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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% 4.9% 5.0% 4.5%
2014-10-07 02:00 AM Philippines
Inflation Rate YoY
Sep 2014 4.9% 7.46%


Prices Last Previous Highest Lowest Unit
Inflation Rate 4.90 4.90 62.80 -2.10 Percent [+]
Inflation Rate Mom 0.30 0.60 9.00 -4.60 Percent [+]
Consumer Price Index CPI 140.80 140.40 140.80 1.30 Index Points [+]
Core Inflation Rate 3.40 3.05 7.25 1.86 Percent [+]
Core Consumer Prices 135.60 135.20 135.60 75.20 Index Points [+]
GDP Deflator 170.89 170.11 179.42 12.35 Index Points [+]
Producer Prices 149.00 149.50 180.70 81.10 Index Points [+]
Producer Prices Change -1.98 -2.47 17.50 -10.00 Percent [+]
Food Inflation 8.30 8.24 17.29 -0.78 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 3.99 Aug/14 4.53 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 25.00 -2.52 Percent [+]
Mexico 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.40 Aug/14 1.60 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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