Inflation in Philippines

Philippines Inflation | Economic News & Forecasts

Philippines - Inflation

Inflation comes in at highest level since December 2018 in August

Consumer prices rose a seasonally-adjusted 0.62% over the previous month in August, accelerating from the 0.39% increase logged in July. August's uptick marked the highest reading since January. The increase was primarily driven by rising food and non-alcoholic beverage prices, while housing and transport costs grew at a slower rate, tempering the overall decrease somewhat.



Inflation came in at 4.9% in August, which was up from July’s 4.0%. August's result marked the highest inflation rate since December 2018. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 3.9% in August (July: 3.7%). Lastly, core inflation rose to 3.3% in August, from the previous month's 2.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2021, which is unchanged from last month’s forecast, and to average 3.0% in 2022.

Philippines - Inflation Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

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

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form