Inflation in Philippines
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
|Inflation Rate (CPI, annual variation in %)||0.7||1.3||2.9||5.2||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Philippines Inflation Chart
Source: National Statistics Office.
|Bond Yield||4.44||-4.11 %||Dec 27|
|Exchange Rate||50.66||0.02 %||Jan 01|
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October 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 50.9 in September from August's 46.4.
September 14, 2021
Remittances totaled USD 2.9 billion in July, representing a 2.5% year-on-year expansion.
September 9, 2021
Merchandise exports rose 12.7% in annual terms in July, following June’s 18.8% jump.
September 7, 2021
Consumer prices rose a seasonally-adjusted 0.62% over the previous month in August, accelerating from the 0.39% increase logged in July.
September 1, 2021
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, edged down to 46.4 in August, following July’s 50.4.