The ocean and the beach in the Philippines

Philippines Inflation October 2021

Philippines: Inflation drops to lowest level since July in October

Consumer prices rose a seasonally-adjusted 0.15% from the previous month in October, accelerating from the 0.08% increase logged in September. The higher print was in part due to a weaker decline in food and non-alcoholic beverage prices, as well as a steeper increase in housing, water, electricity, gas, and other fuels prices.

Inflation edged down to 4.6% in October, which followed September’s 4.8%. October’s result represented the lowest inflation rate since July. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 4.3% in October (September: 4.1%). Lastly, core inflation rose to 3.4% in October, from September’s 3.3%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest