Inflation in Philippines

Philippines Inflation | Economic News & Forecasts

Philippines - Inflation

Inflation comes in at highest level since December 2008 in October

Inflation rose to 7.7% in October, following September’s 6.9%. October's figure represented the highest inflation rate since December 2008. The pick-up was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, clothing and footwear, and housing and utilities.

The trend pointed up, with annual average inflation coming in at 5.0% in October (September: 4.7%).

Finally, consumer prices rose a seasonally adjusted 1.03% over the previous month in October, accelerating from the 0.60% rise seen in September. October's result was the highest reading since January 2021.

Our panelists expect inflation to average 4.2% in 2023, which is up 0.1 percentage points from last month’s forecast, and to average 3.1% in 2024.

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