Inflation in Philippines
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
|Inflation Rate (CPI, annual variation in %, eop)||0.7||2.2||2.9||5.1||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Philippines Inflation (eop) Chart
Source: National Statistics Office.
|Bond Yield||4.44||-4.11 %||Dec 27|
|Exchange Rate||50.66||0.02 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
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.
November 10, 2022
GDP growth gained marginal momentum and reached 7.6% year on year in the third quarter, from 7.5% in the second quarter, according to a preliminary reading.
November 4, 2022
Inflation rose to 7.7% in October, following September’s 6.9%.
November 4, 2022
Merchandise exports increased 7.0% year-on-year in September (August: -2.0% year-on-year).
November 2, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 52.6 in October, marginally down from September's 52.9.
October 11, 2022
Merchandise exports decreased 2.0% on an annual basis in August, following July’s 4.1% decrease.