Philippines Inflation Rate

The inflation rate in Philippines was recorded at 4.40 percent in June of 2014. Inflation Rate in Philippines averaged 8.90 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 4.50 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.

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.

Year-on-year, slower prices pressure came from alcoholic beverages and tobacco, which eased to 3.7 percent in June from a 6.7 percent increase in May and from housing, water, electricity, gas and other fuels (up 2.3 percent from 3.7 percent in the previous month). In addition, cost of transport decelerated to 1.3 percent from 1.5 percent in the preceding month while cost of recreation and culture went up 1.2 percent. The rest of the commodity groups either had faster annual growths or retained their last month’s rate.

Excluding selected food and energy items, core inflation eased to 2.8 percent in June. It was 3.1 percent last month and 2.8 percent in the same month a year ago.

The year-on-year growth of the food alone index in the country climbed 7.8 percent in June 2014. It was pegged at 7.1 percent last month and 2.3 percent in June 2013.

On a monthly basis, the inflation rate slowed to 0.4 percent in June from 0.5 percent in May. The highest upward pressures came from education prices (up 4.8 percent) while cost of food and non-alcoholic beverages rose at a faster 1 percent. However, cost of utilities including housing, water, electricity, gas and other fuel in the month showed a 0.8 percent decrease while cost of health, transport and communication were relatively stable.

Philippine Statistics Authority l Rida l
7/4/2014 9:16:04 AM

Recent Releases

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

Philippines Inflation Rate Edges Up in April
Philippines annual inflation rate accelerated to 4.1 percent in April of 2014, up from 3.9 percent in the previous month and compared with 2.6 percent a year earlier. Food prices quickened to its fastest rate in almost three years, as supply constraints keep pushing rice cost up. Published on 2014-05-06

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-04 02:00 AM Philippines
Inflation Rate YoY
Mar 2014 3.9% 4.1% 4.2% 4.25%
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 4.4% 5.12%

Prices Last Previous Highest Lowest Unit
Inflation Rate 4.40 4.50 62.80 -2.10 Percent [+]
Inflation Rate Mom 0.40 0.50 9.00 -4.60 Percent [+]
Consumer Price Index (CPI) 139.60 139.00 139.60 1.27 Index Points [+]
Core Inflation Rate 2.82 3.06 7.25 1.86 Percent [+]
Core Consumer Prices 134.90 134.60 134.90 75.20 Index Points [+]
GDP Deflator 169.85 179.42 179.42 12.35 Index Points [+]
Producer Prices 150.70 152.50 180.70 81.10 Index Points [+]
Producer Prices Change -0.98 0.13 17.50 -10.00 Percent [+]

Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News