Philippines Inflation Rate

Last Release

Feb 28, 2025

Actual

2.1

Units In

2.9

Frequency

Monthly

Next Release

Apr 04, 2025

Time to Release

27 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
62.8 Sep 1984	-2.1 Jan 1959	7.98 %	1958-2025	Philippine Statistics Authority

In Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight); housing, water, electricity, gas and other fuels (22 percent) and transport (8 percent). The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent). Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent.

Latest Updates

The annual inflation rate in the Philippines slowed to 2.1% in February 2025 from 2.9% in the previous two months, pointing to the lowest reading since September 2024. The latest result was less than market consensus of 2.6%, as prices moderated mainly for food and non-alcoholic beverages (2.6% vs 3.8% in January), housing and utilities (1.6% vs 2.2%), and restaurants and accommodation services (2.8% vs 3.2%). At the same time, transport costs declined (-0.2% vs 1.1%). On the other hand, inflation edged up for information and communication (0.3% vs 0.2%), while it remained steady for recreation, sport, and culture (at 2.4%) and education services (at 4.2%). Meanwhile, core inflation, which excludes selected food and energy items, eased to 2.4% from 2.6% in the preceding period. On a monthly basis, consumer prices fell by 0.2% in February, reversing a 0.5% gain in the prior month.