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

The inflation rate in Philippines was recorded at 0.80 percent in July of 2015. Inflation Rate in Philippines averaged 8.76 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.

Philippines Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.20 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 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. Content for - Philippines Inflation Rate - was last refreshed on Sunday, August 30, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-05 02:00 AM May 1.6% 2.2% 1.9% 2.25%
2015-07-07 02:00 AM Jun 1.2% 1.6% 1.5% 1.57%
2015-08-05 02:00 AM Jul 0.8% 1.2% 0.8% 0.68%
2015-09-04 02:00 AM Aug 0.8% 0.54%
2015-10-05 02:00 AM Sep 0.39%
2015-11-05 01:00 AM Oct 0.25%


Philippines Inflation Rate at Nearly 28-Year Low in July


Philippines annual inflation rate eased to 0.8 percent in July of 2015 from 1.2 percent in June and matching market consensus. It is the lowest figure since April 1987, as cost declined for transport and housing and utilities while prices of food and non-alcoholic beverages slowed further.

Year-on-year, prices fell for: transport (-0.5 percent in July from +0.2 percent in June) and housing, water, electricity, gas and other fuels (-1.1 percent from -1.3 percent). In contrast, prices increased for: clothing and footwear (+2.6 percent from +2.5 percent) and communication (+0.0 percent from -0.1 percent).

Prices moderated for: heavily-weighted food and non-alcoholic beverages (+1.3 percent from +2.1 percent); furnishing, household equipment and routine maintenance (+1.8 percent from +1.9 percent); health (+1.9 percent from +2.2 percent) and education (+3.5 percent from +3.7 percent).

Cost remained stable for: alcoholic beverages and tobacco (+3.8 percent), recreation and culture (+1.1 percent) and restaurant and miscellaneous goods and services (+1.2 percent).

For 2015, the country's central bank targeted inflation to be at 2.0 percent to 4.0 percent.

Core inflation was recorded at 1.9 percent year-on-year in July, slightly slowing from a 202 percent increase in the preceding month. It is the lowest rate since August 2013.

On a monthly basis, consumer prices rose 0.1 percent, following a 0.1 percent rise in June. Prices increased for: food and non-alcoholic beverages (+0.4 percent); housing, water, electricity, gas and other fuels (+0.0 percent); health (+0.4 percent) and communication (+0.1 percent). In contrast, cost declined for transport (-0.2 percent). While prices moderated for education (+0.1 percent), cost remained unchanged for: alcoholic beverages and tobacco (+0.2 percent); clothing and footwear (+0.2 percent); furnishing, household equipment and routine maintenance (+0.1 percent) and restaurant and miscellaneous goods and services (+0.2 percent).

National Statistics Office l Rida Husna l rida@tradingeconomics.com
8/5/2015 2:58:21 AM


Recent Releases

Philippines Inflation Rate Slows Further in June
Philippines annual inflation rate eased to 1.2 percent in June of 2015 from 1.6 percent in May, below market forecasts. It is the lowest rate since mid-1987, as cost of housing and utilities keeps declining and prices of food and non-alcoholic beverages slowed.
Published on 2015-07-07

Philippines Inflation Rate at 28-Year Low in May
Philippines annual inflation rate eased to 1.6 percent in May of 2015 from 2.2 percent in April. It is the lowest rate since mid-1987, as cost of housing and utilities declined further and prices of food and non-alcoholic beverages slowed.
Published on 2015-06-05

Philippines Inflation Rate at 21-Month Low in April
Philippines annual inflation rate eased to 2.2 percent in April of 2015 from 2.4 percent in March. It is the lowest rate since August 2013, as cost of housing and utilities and transport declined further and prices of food and non-alcoholic beverages slowed.
Published on 2015-05-05

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.
Published on 2015-04-07


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 1.20 62.80 -2.10 percent [+]
Inflation Rate Mom 0.10 0.10 9.00 -4.60 percent [+]
Consumer Price Index CPI 141.50 141.30 141.50 1.30 Index Points [+]
Core Inflation Rate 1.90 2.00 7.25 1.86 percent [+]
Core Consumer Prices 137.80 137.60 137.80 75.20 Index Points [+]
GDP Deflator 170.97 171.75 184.73 12.86 Index Points [+]
Producer Prices 144.10 144.10 180.70 81.10 Index Points [+]
Producer Prices Change -3.80 -4.80 17.50 -10.00 percent [+]
Export Prices 102.01 108.74 133.52 8.57 Price Index [+]
Food Inflation 1.29 2.09 17.29 -0.78 percent [+]
Import Prices 111.73 115.81 138.30 11.46 Price Index [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 9.56 Jul/15 8.89 6821.31 1.65 percent [+]
Canada 1.30 Jul/15 1.00 21.60 -17.80 percent [+]
China 1.60 Jul/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.20 Jul/15 0.20 5.00 -0.70 percent [+]
France 0.20 Jul/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Aug/15 0.20 11.54 -7.62 percent [+]
India 3.78 Jul/15 5.40 11.16 3.78 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Jul/15 0.20 25.64 -0.60 percent [+]
Japan 0.20 Jul/15 0.40 25.00 -2.52 percent [+]
Mexico 2.74 Jul/15 2.87 179.73 2.74 percent [+]
Netherlands 1.00 Jul/15 1.00 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain -0.40 Aug/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.10 Jul/15 0.00 8.50 -0.10 percent [+]
United States 0.20 Jul/15 0.10 23.70 -15.80 percent [+]