Inflation in Philippines

Philippines Inflation | Economic News & Forecasts

Philippines - Inflation

Inflation plunges to lowest level since December 2020 in December

Consumer prices recorded zero growth over the previous month in December, coming in below November's 0.54% increase, amid softer price pressures for food. December's result marked the weakest reading since March.

Inflation dropped to 3.6% in December from November’s 4.2%. December's reading represented the weakest inflation rate since December 2020. Meanwhile, the trend was unchanged, with annual average inflation coming in at November's 4.4% in December. Finally, core inflation fell to 3.0% in December, from November’s 3.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.3% in 2022, which is up 0.1 percentage points from last month’s forecast, and 3.2% in 2023.

Philippines - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.7  1.3  2.9  5.2  2.5  

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Philippines Inflation Chart


Philippines Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistics Office.

Philippines Facts

Value Change Date
Bond Yield4.44-4.11 %Dec 27
Exchange Rate50.660.02 %Jan 01

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