Inflation in Philippines
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
|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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January 13, 2022
Remittances totaled USD 2.5 billion in November, representing a 5.1% year-on-year expansion.
January 11, 2022
Merchandise exports jumped 6.6% on an annual basis in November, on the heels of October’s 2.0% increase.
January 5, 2022
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.
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 51.8 in December, up from November's 51.7.
December 15, 2021
At its monetary policy meeting on 15 December, the Central Bank of the Philippines maintained the overnight reverse repurchase facility rate at its record low of 2.00%, marking the ninth successive hold and matching market analysts’ expectations.