The ocean and the beach in the Philippines

Philippines Inflation September 2019

Philippines: Inflation plunges further below Central Bank target range in September

Consumer prices rose 0.17% month-on-month in September, matching August’s increase. A decrease in the prices of housing, water, electricity, gas and other fuels partially offset higher prices for transport, food and non-alcoholic beverages, and alcoholic beverages and tobacco.

Inflation decelerated sharply to an over three-year low of 0.9% in September from 1.7% in August, consequently sinking further below the lower limit of the Central Bank’s target band of 2.0%–4.0%. This could open the door for the BSP to unwind monetary policy rates further. Core inflation, which excludes volatile food and energy prices, softened to 2.7% in September from 2.9% in August, while annual average inflation eased to 3.6% from 4.1%.

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