Philippines Inflation Rate

Last Release

Jan 31, 2025

Actual

2.9

Units In

2.9

Frequency

Monthly

Next Release

Mar 05, 2025

Time to Release

25 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
62.8 Sep 1984	-2.1 Jan 1959	7.99 %	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 stood at 2.9% in January 2025, unchanged from the previous month and surpassing market expectations of 2.7%. This marked the highest reading since August, driven by price increases in food and non-alcoholic beverages (3.6% vs 3.1% in December) and alcoholic beverages and tobacco (3.6% vs 3.2%). Conversely, inflation slowed for housing utilities (2.2% vs 2.9%), education (4.8% vs 5%), and restaurants and accommodation services (3.8% vs 4.3%). At the same time, costs remained steady for health (at 2.6%), information and communication (at 0.3%), and recreation, sport, and culture (at 2.8%). Meanwhile, core inflation, which excludes selected food and energy items, eased to 2.6% from 2.8% in the preceding month. On a monthly basis, consumer prices rose by 0.5% in January, following a 0.6% gain in the prior period.