The ocean and the beach in the Philippines

Philippines Inflation August 2018

Philippines: Inflation jumps to near 10-year high in August

Consumer prices rose 0.9% over the previous month in August, up from the 0.5% increase registered in July. August’s result came on the back of higher prices for 10 out of the 11 components of the index, with food and non-alcoholic beverages, recreation and culture, and transport recording the strongest price increases. Meanwhile, prices for communication were stable.

Inflation accelerated to a near-decade high of 6.4% in August from 5.7% in July. Consequently, inflation moved further above the upper bound of the Central Bank’s target range for the 2017–2020 period, set at 3.0% plus or minus 1.0 percentage point. Meanwhile, annual average inflation edged up to 4.2% in August from 3.8% in July.

Philippines Inflation Forecast

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