The ocean and the beach in the Philippines

Philippines Inflation November 2020

Philippines: Inflation rises to over one-year high in November amid extreme weather

Consumer prices increased a seasonally-adjusted 1.05% in November over the previous month, picking up from October’s 0.32% increase. November’s result was the sharpest increase in prices since February 2011. The reading was driven by notably higher food prices, likely due to recent typhoons disrupting supply.

Inflation increased to 3.3% in November, above October’s 2.5% but remaining within the government’s target range of 2.0%–4.0%. November’s reading marked the highest inflation rate since March 2019. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.5% in November (October: 2.4%). Lastly, core inflation ticked up to 3.2% from October’s 3.0%.

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