Philippines Inflation Rate  1958-2016 | Data | Chart | Calendar | Forecast

Philippines annual inflation rate slowed to 1.3 percent in January of 2016 from 1.5 percent in December, in line with market consensus and core inflation eased to 1.8 percent from 2.1 percent. On a monthly basis, consumer prices increased by 0.2 percent, the same pace as in December 2015. Inflation Rate in Philippines averaged 8.69 percent from 1958 until 2016, 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
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Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.50 62.80 -2.10 1958 - 2016 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 the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Inflation Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-04 01:00 AM Nov 1.1% 0.4% 0.7% 0.7%
2016-01-05 01:00 AM Dec 1.5% 1.1% 1.4% 1.5%
2016-02-05 01:00 AM Jan 1.3% 1.5% 1.3% 1.72%
2016-03-04 01:00 AM Feb 1.3% 1.15%
2016-04-05 01:00 AM Mar 1.07%
2016-05-04 01:00 AM Apr 1.05%

Philippines Inflation Rate Eases to 1.3% YoY in January


Philippines annual inflation rate slowed to 1.3 percent in January of 2016 from 1.5 percent in December, in line with market consensus. Cost of housing and utilities declined at a faster pace while food inflation was steady.

Year-on-year, prices accelerated for alcoholic beverages and tobacco (+4.7 percent in January from +4.4 percent in December). In contrast, cost declined at a faster pace for housing, water, electricity, gas and other fuels (-0.5 percent from -0.3 percent). Prices of heavily-weighted food and non-alcoholic beverages rose 1.7 percent, the same pace as in the previous two months. Prices were also steady for: education (+3.6 percent), restaurant and miscellaneous goods and services (+1.4 percent), communication while prices moderated for: clothing & footwear (+2.1 percent from +2.3 percent); furnishing, households equipment and routine maintenance (1.5 percent from +1.6 percent), health (+1.8 percent from +1.9 percent); transport (+1.5 percent from +2.2 percent) and recreation & culture (+1.0 percent from +1.1 percent). 

Core consumer prices rose 1.8 percent from a year earlier in January 2015, slowing a 2.1 percent increase in the preceding month. 

On a monthly basis, consumer prices increased by 0.2 percent, the same pace as in December 2015. Prices rose for: food and non-alcoholic beverages (+0.7 percent), alcoholic beverages and tobacco (+1.0 percent); clothing and footwear (+0.2 percent); health (+0.4 percent) and restaurant & miscellaneous goods and services (+0.1 percent). In contrast, prices declined for housing, water, electricity, gas and other fuels (-0.2 percent) and transport (-0.9 percent). Cost remained unchanged for: communication, recreation & culture and education.

For 2016, the country's central bank expects inflation to be between 2.0 percent to 4.0 percent.

PSA | Rida Husna | rida@tradingeconomics.com
2/5/2016 10:06:51 AM

Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.50 62.80 -2.10 percent [+]
Inflation Rate Mom 0.20 0.20 9.00 -4.60 percent [+]
Consumer Price Index CPI 142.90 142.60 142.90 1.30 Index Points [+]
Core Consumer Prices 138.90 138.60 138.90 75.20 Index Points [+]
Core Inflation Rate 1.80 2.10 7.25 1.40 percent [+]
GDP Deflator 182.72 175.07 184.73 12.87 Index Points [+]
Producer Prices 139.40 139.80 180.70 81.10 Index Points [+]
Producer Prices Change -7.20 -7.50 17.50 -10.00 percent [+]
Import Prices 113.25 113.57 138.30 11.46 Price Index [+]
Food Inflation 1.70 1.70 17.29 -0.78 percent [+]
Export Prices 115.17 97.60 133.52 8.57 Price Index [+]




Last
Afghanistan 0.08 Dec/15
Albania 1.50 Jan/16
Algeria 3.84 Dec/15
Angola 14.27 Dec/15
Argentina 26.90 Dec/15
Armenia -0.40 Jan/16
Aruba -0.93 Dec/15
Australia 1.70 Dec/15
Austria 1.00 Dec/15
Azerbaijan 4.00 Dec/15
Bahamas 1.41 Jun/15
Bahrain 0.70 Dec/15
Bangladesh 6.07 Jan/16
Barbados -0.25 Oct/15
Belarus 12.00 Dec/15
Belgium 1.74 Jan/16
Belize -0.70 Dec/15
Benin 2.30 Dec/15
Bhutan 3.53 Dec/15
Bolivia 2.39 Jan/16
Bosnia and Herzegovina -1.00 Dec/15
Botswana 3.10 Dec/15
Brazil 10.71 Jan/16
Brunei -1.00 Dec/15
Bulgaria -0.40 Dec/15
Burkina Faso 2.10 Dec/15
Burundi 6.30 Jan/16
Cambodia 1.90 Nov/15
Cameroon 4.29 Jun/15
Canada 1.60 Dec/15
Cape Verde -0.50 Dec/15
Cayman Islands -2.90 Sep/15
Central African Republic 25.58 Jun/14
Chad -0.40 Nov/15
Chile 4.80 Jan/16
China 1.60 Dec/15
Colombia 7.45 Jan/16
Comoros 1.40 Dec/14
Congo 2.08 Dec/15
Costa Rica -0.17 Jan/16
Croatia -0.60 Jan/16
Cuba 5.30 Dec/14
Cyprus -1.30 Jan/16
Czech Republic 0.10 Dec/15
Denmark 0.60 Jan/16
Djibouti 2.60 Mar/15
Dominican Republic 2.34 Dec/15
East Timor -0.60 Dec/15
Ecuador 3.09 Jan/16
Egypt 10.10 Jan/16
El Salvador 1.80 Jan/16
Equatorial Guinea 3.60 Dec/14
Eritrea 11.60 Dec/14
Estonia -0.60 Jan/16
Ethiopia 10.20 Jan/16
Euro Area 0.40 Jan/16
European Union 0.20 Dec/15
Fiji 1.60 Dec/15
Finland -0.20 Dec/15
France 0.20 Jan/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 5.60 Jan/16
Germany 0.50 Jan/16
Ghana 19.00 Jan/16
Greece -0.20 Dec/15
Guatemala 4.38 Jan/16
Guinea 7.30 Dec/15
Guinea Bissau 2.40 Dec/15
Guyana 0.18 May/15
Haiti 12.00 Dec/15
Honduras 3.08 Jan/16
Hong Kong 2.50 Dec/15
Hungary 0.90 Jan/16
Iceland 2.10 Jan/16
India 5.61 Dec/15
Indonesia 4.14 Jan/16
Iran 9.40 Dec/15
Iraq 2.30 Dec/15
Ireland 0.10 Dec/15
Israel -1.00 Dec/15
Italy 0.30 Jan/16
Ivory Coast 1.30 Dec/15
Jamaica 3.66 Dec/15
Japan 0.20 Dec/15
Jordan -1.60 Dec/15
Kazakhstan 14.40 Jan/16
Kenya 7.78 Jan/16
Kosovo -0.10 Dec/15
Kuwait 3.00 Dec/15
Kyrgyzstan 1.80 Jan/16
Laos 0.90 Dec/15
Latvia -0.30 Jan/16
Lebanon -3.40 Dec/15
Lesotho 5.10 Dec/15
Liberia 6.50 Sep/15
Libya 11.40 Sep/15
Liechtenstein -1.30 Dec/15
Lithuania -0.10 Dec/15
Luxembourg 1.10 Dec/15
Macau 3.73 Dec/15
Macedonia -0.30 Dec/15
Madagascar 7.60 Dec/15
Malawi 24.90 Dec/15
Malaysia 2.70 Dec/15
Maldives 2.00 Nov/15
Mali 1.00 Dec/15
Malta 1.20 Dec/15
Mauritania 0.50 Dec/15
Mauritius 0.40 Jan/16
Mexico 2.61 Jan/16
Moldova 13.60 Dec/15
Mongolia 1.90 Dec/15
Montenegro 1.40 Nov/15
Morocco 0.60 Dec/15
Mozambique 11.25 Jan/16
Myanmar 10.19 Jul/15
Namibia 5.30 Jan/16
Nepal 11.60 Dec/15
Netherlands 0.60 Jan/16
New Caledonia 0.70 Dec/15
New Zealand 0.10 Dec/15
Nicaragua 3.19 Jan/16
Niger 2.20 Dec/15
Nigeria 9.60 Dec/15
North Korea 55.00 Jul/13
Norway 3.00 Jan/16
Oman -0.10 Dec/15
Pakistan 3.32 Jan/16
Palestine 0.97 Dec/15
Panama 0.20 Dec/15
Papua New Guinea 5.80 Sep/15
Paraguay 5.20 Jan/16
Peru 4.61 Jan/16
Philippines 1.30 Jan/16
Poland -0.50 Dec/15
Portugal 0.80 Jan/16
Puerto Rico -0.20 Dec/15
Qatar 2.80 Jan/16
Republic of the Congo 3.70 Apr/15
Romania -0.90 Dec/15
Russia 9.80 Jan/16
Rwanda 6.60 Jan/16
Sao Tome and Principe 4.00 Dec/15
Saudi Arabia 2.30 Dec/15
Senegal 0.40 Dec/15
Serbia 1.50 Dec/15
Seychelles -0.10 Jan/16
Sierra Leone 8.85 Dec/15
Singapore -0.60 Dec/15
Slovakia -0.50 Dec/15
Slovenia -0.50 Jan/16
Somalia -4.00 Dec/14
South Africa 5.20 Dec/15
South Korea 0.80 Jan/16
South Sudan 109.90 Dec/15
Spain -0.30 Jan/16
Sri Lanka 0.90 Jan/16
Sudan 12.44 Jan/16
Suriname 25.00 Dec/15
Swaziland 4.50 Nov/15
Sweden 0.10 Dec/15
Switzerland -1.30 Jan/16
Syria 38.80 Jul/15
Taiwan 0.81 Jan/16
Tajikistan 5.20 Nov/15
Tanzania 6.50 Jan/16
Thailand -0.53 Jan/16
Togo 1.60 Dec/15
Trinidad and Tobago 1.50 Dec/15
Tunisia 3.50 Jan/16
Turkey 9.58 Jan/16
Turkmenistan 4.42 Dec/14
Uganda 7.60 Jan/16
Ukraine 40.30 Jan/16
United Arab Emirates 3.60 Dec/15
United Kingdom 0.20 Dec/15
United States 0.70 Dec/15
Uruguay 9.68 Jan/16
Uzbekistan 2.60 Mar/14
Venezuela 108.70 Sep/15
Vietnam 0.80 Jan/16
Yemen 9.49 Nov/14
Zambia 21.80 Jan/16
Zimbabwe -2.47 Dec/15