The ocean and the beach in the Philippines

Philippines Inflation December 2017

Philippines: Inflation remains steady in December

In December, consumer prices rose 0.3% compared to the previous month, slightly down from November’s 0.5% increase. The rise was driven by higher prices for food and non-alcoholic beverages—especially for corn, fish and fruit—and for alcoholic beverages and tobacco.

Inflation came in at 3.3% in December, matching November’s reading. Inflation thus remained within the Central Bank’s target range for the 2017–2020 period, set at 3.0% plus or minus one percentage point. Meanwhile, annual average inflation inched up to 3.2% from November’s 3.1%, the highest print since May 2015.

Core consumer prices, which exclude volatile items such as foodstuffs and oil, rose 0.3% over the previous month in December, decelerating from November’s 0.4% rise. Finally, core inflation in December was 3.0%, below November’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