The ocean and the beach in the Philippines

Philippines Inflation October 2019

Philippines: Inflation sinks further below Central Bank target range in October

Consumer prices rose 0.17% month-on-month in October, matching September’s increase. Higher prices for alcoholic beverages and tobacco offset flat price growth for education and communication.

Inflation ticked down to 0.8% in October from 0.9% in September, consequently falling further below the lower limit of the Central Bank’s target band of 2.0%–4.0%. Core inflation, which excludes volatile food and energy prices, was stable at 2.7%.

Moving forward, inflation should strengthen, boosted by stronger economic activity, the pass-through from the Bank’s previous rate cuts and as last year’s high base effect fades.

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