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

The inflation rate in Philippines was recorded at 1.60 percent in May of 2015. Inflation Rate in Philippines averaged 8.78 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.

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Philippines Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.60 2.20 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 - Philippines Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Philippines Inflation Rate - was last refreshed on Sunday, July 5, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-07 02:00 AM Mar 2.4% 2.5% 2.6% 2.46%
2015-05-05 02:00 AM Apr 2.2% 2.4% 2.4% 2.23%
2015-06-05 02:00 AM May 1.6% 2.2% 1.9% 2.25%
2015-07-07 02:00 AM Jun 1.6% 1.57%
2015-08-05 02:00 AM Jul 1.68%
2015-09-07 02:00 AM Aug 1.88%


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.

Year-on-year, prices fell for housing, water, electricity, gas and other fuels (-1.5 percent in May from -0.5 percent drop in April). 

Prices moderated for: heavily-weighted food and non-alcoholic beverages (+3.2 percent from +3.9 percent); alcoholic beverages and tobacco (+3.7 percent from +3.9 percent); clothing and footwear (+2.6 percent from +2.8 percent) and furnishing, household equipment and routine maintenance (+2.2 percent from +2.3 percent).

While prices increased only for transport (+0.1 percent from -0.2 percent), cost remained stable for: health (+2.3 percent), communication (-0.1 percent), recreation and culture (+1.1 percent), education (+5.1 percent) and restaurant and miscellaneous goods and services (+1.2 percent).

Core inflation was recorded at 2.2 percent year-on-year in May, slowing from a 2.5 percent increase in the preceding month.

On a monthly basis, consumer prices declined by 0.1 percent, following a 0.2 percent increase in April. Prices fell for: food and non-alcoholic beverages (-0.1 percent) and housing, water, electricity, gas and other fuels (-0.4 percent). Cost remained unchanged for: alcoholic beverages and tobacco (+0.2 percent), clothing and footwear (+0.1 percent), communication (+0.0 percent) and education (+0.0 percent). While prices increased for health (+0.1 percent) and transport (+0.3 percent), cost moderated for furnishing, household equipment and routine maintenance (+0.1 percent) and recreation and culture (+0.0 percent).

National Statistics Office l Rida Husna l rida@tradingeconomics.com
6/5/2015 11:14:44 AM


Recent Releases

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 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


Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 2.20 62.80 -2.10 percent [+]
Inflation Rate Mom -0.10 0.20 9.00 -4.60 percent [+]
Consumer Price Index CPI 141.20 141.30 141.30 1.30 Index Points [+]
Core Inflation Rate 2.15 2.46 7.25 1.86 percent [+]
Core Consumer Prices 137.50 137.50 137.50 75.20 Index Points [+]
GDP Deflator 171.75 184.73 184.73 12.86 Index Points [+]
Producer Prices 144.00 144.10 180.70 81.10 Index Points [+]
Producer Prices Change -5.45 -5.40 17.50 -10.00 percent [+]
Food Inflation 3.16 3.92 17.29 -0.78 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]