Inflation in Philippines

Philippines Inflation (eop) | Economic News & Forecasts

Philippines - Inflation (end of period)

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 (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)0.7  2.2  2.9  5.1  2.5  

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Philippines Inflation (eop) 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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