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

The inflation rate in Philippines was recorded at 2.40 percent in March 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
2.40 2.50 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, April 28, 2015.


Philippines Inflation Rate Slows in March


Philippines annual inflation rate eased to 2.4 percent in March of 2015 from 2.5 percent in February, as cost of housing & utilities and transport declined while prices of food and non-alcoholic beverages slowed. Yet, core inflation accelerated to 2.7 percent, the fastest since November 2014.

Year-on-year, cost of housing, water, electricity, gas and other fuels in March fell by 0.2 percent, following a 1.1 percent drop in February. Cost also declined for transport (-0.2 percent from -0.5 percent) and communication (-0.1 percent from  0.1 percent fall).

Prices moderated for: heavily-weighted food and non-alcoholic beverages (+4.3 percent in March from 4.8 percent in the previous month); clothing and footwear (+3.0 percent from +3.1 percent); furnishing, household equipment and routine maintenance (+2.1 percent from +2.2 percent); health (+2.5 percent from +2.7 percent); recreation and culture (+1.1 percent from +1.2 percent). Meanwhile, cost retained their last month's rate for: alcoholic beverages and tobacco (+3.9 percent), education (+5.1 percent), restaurant and miscellaneous goods and services (+1.5 percent)

Core inflation accelerated to 2.7 percent year-on-year in March, as compared to a 2.5 percent increase in February. It is the fastest figure since November 2014 of 2.73 percent.

Year-to-date inflation (from January to March 2015) was recorded at 2.4 percent. The country's central bank has set inflation target between 2.0 to 4.0 percent for 2015.

On a monthly basis, consumer prices dropped 0.1 percent, following a 0.1 percent increase in February. While prices declined only for food and non-alcoholic beverages (-0.4 percent from 0.4 percent drop in the previous month), cost slowed for: alcoholic beverages and tobacco (+0.3 percent); clothing and footwear (+0.1 percent); housing, water, electricity, gas and other fuels (+0.2 percent); furnishing, household equipment and routine maintenance (+0.1 percent); transport (+0.3 percent) and recreation and culture (+0.0 percent). Prices remained unchanged for health (+0.1 percent), education (+0.0 percent) and restaurant and miscellaneous goods and services (+0.1 percent). Cost of communication increased by 0.0 percent, following 0.1 percent drop in February.

National Statistics Office l Rida Husna l rida@tradingeconomics.com
4/7/2015 4:28:08 AM


Recent Releases

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. Published on 2015-03-05

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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%
2015-04-07 02:00 AM
Inflation Rate YoY  Mar
2.4% 2.5% 2.6% 2.46%
2015-05-05 02:00 AM
Inflation Rate YoY  Apr
2.4% 2.23%
2015-06-05 02:00 AM
Inflation Rate YoY  May
2.37%
2015-07-04 02:00 AM
Inflation Rate YoY  Jun
2.57%


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.50 62.80 -2.10 percent [+]
Inflation Rate Mom -0.10 0.10 9.00 -4.60 percent [+]
Consumer Price Index CPI 141.00 141.20 141.20 1.30 Index Points [+]
Core Inflation Rate 2.69 2.54 7.25 1.86 percent [+]
Core Consumer Prices 137.20 137.10 137.20 75.20 Index Points [+]
GDP Deflator 184.65 177.35 184.65 12.86 Index Points [+]
Producer Prices 143.10 144.10 180.70 81.10 Index Points [+]
Producer Prices Change -5.10 -5.00 17.50 -10.00 percent [+]
Food Inflation 4.33 4.81 17.29 -0.78 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]