Philippines Inflation Rate  1958-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Philippines rose 3.4 percent year-on-year in March of 2017, compared to a 3.3 percent increase in February and matching markets expectations. It was the highest inflation rate since November 2014, driven by a faster rise in cost of housing and utilities while prices of food and transport increased further. Core consumer prices rose 2.9 percent year-on-year, following a 2.7 percent rise in a month earlier and marking the highest figure since October 2014. On a monthly basis, consumer prices went up 0.2 percent, after gaining 0.3 percent in the prior month. It was the lowest level since October 2016. Inflation Rate in Philippines averaged 8.56 percent from 1958 until 2017, 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.

Philippines Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-07 01:00 AM Jan 2.7% 2.6% 2.8% 2.8%
2017-03-07 01:00 AM Feb 3.3% 2.7% 3.3% 3.4%
2017-04-05 01:00 AM Mar 3.4% 3.3% 3.4% 3.2%
2017-05-05 01:00 AM Apr 3.4% 3.4%
2017-06-06 01:00 AM May 3.3%
2017-07-05 01:00 AM Jun 3.1%




Philippines Inflation Rate At 28-Month High Of 3.4%


Consumer prices in Philippines rose 3.4 percent year-on-year in March of 2017, following a 3.3 percent increase in February and matching markets expectations. It was the highest inflation rate since November 2014, driven by a faster rise in cost of housing and utilities while prices of food and transport increased further.

In March, upward price pressures came from all components: alcoholic beverages and tobacco (6.4 percent from 6.0 percent in the prior month), clothing and footwear (2.9 percent from 2.8 percent); housing, water, electricity, gas and other fuels (4.0 percent from 2.9 percent); furnishing, households equipment and routine maintenance (2.5 percent from 2.3 percent), health (2.8 percent from 2.6 percent), transport (2.6 percent from 2.8 percent), communication (0.2 percent from 0.2 percent), recreation and culture (1.8 percent from 1.8 percent), education (1.8 percent from 1.8 percent) and restaurants and miscellaneous goods and services (1.7 percent from 2.1 percent). Prices of heavily-weighted food and non-alcoholic beverages also went up 4.0 percent, compared to a 4.1 percent rise in February. 

Core consumer prices rose 2.9 percent year-on-year, following a 2.7 percent rise in a month earlier and marking the highest figure since October 2014.

On a monthly basis, consumer prices went up 0.2 percent, after gaining 0.3 percent in the prior month.  It was the lowest level since October 2016, as prices increased for: alcoholic beverages and tobacco (0.8 percent); clothing and footwear (0.2 percent); housing, water, electricity, gas and other fuels (1.0 percent); furnishing, households equipment and routine maintenance (0.3 percent); health (0.2 percent), recreation and culture (0.1 percent) and restaurant and miscelleneous goods and services (0.1. percent). In contrast, cost of food and non-alcoholic beverages  fell 0.4 percent while cost of communication and education remained unchanged.

PSA l Rida Husna | rida@tradingeconomics.com
4/5/2017 2:04:48 AM



Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 3.30 62.80 -2.10 percent [+]
Inflation Rate Mom 0.20 0.30 9.00 -4.60 percent [+]
Consumer Price Index CPI 147.50 147.20 147.50 1.30 Index Points [+]
Core Consumer Prices 143.20 142.80 143.20 75.20 Index Points [+]
Core Inflation Rate 2.90 2.70 7.25 1.40 percent [+]
GDP Deflator 186.39 178.29 186.39 12.87 Index Points [+]
Producer Prices 138.91 138.20 180.70 81.10 Index Points [+]
Producer Prices Change 2.20 2.10 17.50 -10.00 percent [+]
Food Inflation 4.00 4.10 17.29 -0.78 percent [+]
Export Prices 110.45 91.18 133.52 8.57 Price Index [+]
Cpi Transportation 130.80 130.10 131.30 35.10 Index Points [+]
Import Prices 115.66 111.24 138.30 11.46 Price Index [+]


Philippines Inflation Rate Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.30 62.80 -2.10 1958 - 2017 percent Monthly



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Czech Republic 2.60 Mar/17
Denmark 1.00 Mar/17
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East Timor 0.20 Feb/17
Ecuador 0.96 Mar/17
Egypt 30.90 Mar/17
El Salvador 0.54 Mar/17
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Eritrea 12.50 Dec/15
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Georgia 5.40 Mar/17
Germany 2.00 Apr/17
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Iran 10.60 Feb/17
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Israel 0.90 Mar/17
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Kosovo 1.50 Mar/17
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Laos 1.75 Mar/17
Latvia 3.40 Mar/17
Lebanon 5.12 Mar/17
Lesotho 5.20 Feb/17
Liberia 13.31 Feb/17
Libya 29.40 Sep/16
Liechtenstein 0.60 Mar/17
Lithuania 3.10 Mar/17
Luxembourg 1.80 Mar/17
Macau 0.72 Mar/17
Macedonia 0.60 Mar/17
Madagascar 7.00 Dec/16
Malawi 15.80 Mar/17
Malaysia 5.10 Mar/17
Maldives 2.20 Feb/17
Mali 1.50 Feb/17
Malta 1.20 Mar/17
Mauritania 3.00 Mar/17
Mauritius 1.30 Mar/17
Mexico 5.35 Mar/17
Moldova 5.10 Mar/17
Mongolia 2.50 Mar/17
Montenegro 2.70 Mar/17
Morocco 0.10 Mar/17
Mozambique 21.57 Mar/17
Myanmar 9.94 Jul/16
Namibia 7.00 Mar/17
Nepal 2.90 Mar/17
Netherlands 1.10 Mar/17
New Caledonia 1.00 Mar/17
New Zealand 2.20 Mar/17
Nicaragua 3.17 Mar/17
Niger 1.60 Mar/17
Nigeria 17.26 Mar/17
North Korea 55.00 Jul/13
Norway 2.40 Mar/17
Oman 2.82 Mar/17
Pakistan 4.94 Mar/17
Palestine 1.65 Mar/17
Panama 1.50 Mar/17
Papua New Guinea 6.60 Dec/16
Paraguay 2.80 Mar/17
Peru 3.97 Mar/17
Philippines 3.40 Mar/17
Poland 2.00 Apr/17
Portugal 1.40 Mar/17
Puerto Rico 1.60 Feb/17
Qatar 0.90 Mar/17
Republic of the Congo 3.70 Apr/15
Romania 0.20 Mar/17
Russia 4.30 Mar/17
Rwanda 13.00 Mar/17
Sao Tome and Principe 4.90 Mar/17
Saudi Arabia -0.40 Mar/17
Senegal 2.40 Mar/17
Serbia 3.60 Mar/17
Seychelles -1.20 Mar/17
Sierra Leone 18.70 Jan/17
Singapore 0.70 Mar/17
Slovakia 1.00 Mar/17
Slovenia 1.80 Apr/17
Somalia -3.50 Dec/15
South Africa 6.10 Mar/17
South Korea 2.20 Mar/17
South Sudan 425.90 Feb/17
Spain 2.60 Apr/17
Sri Lanka 6.90 Apr/17
Sudan 33.50 Feb/17
Suriname 48.70 Jan/17
Swaziland 8.20 Jan/17
Sweden 1.30 Mar/17
Switzerland 0.60 Mar/17
Syria 51.10 Aug/16
Taiwan 0.18 Mar/17
Tajikistan 7.30 Mar/17
Tanzania 6.40 Mar/17
Thailand 0.76 Mar/17
Togo -0.40 Feb/17
Trinidad and Tobago 3.60 Jan/17
Tunisia 4.80 Mar/17
Turkey 11.29 Mar/17
Turkmenistan 6.17 Dec/16
Uganda 6.80 Apr/17
Ukraine 15.10 Mar/17
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United Kingdom 2.30 Mar/17
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Venezuela 741.00 Feb/17
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Yemen 9.49 Nov/14
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