Philippines Inflation Rate

Last Release

Jan 31, 2026

Actual

Units In

1.8

Frequency

Monthly

Next Release

Mar 05, 2026

Time to Release

26 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
62.8 Sep 1984	-2.1 Jan 1959	7.9 %	1958-2026	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 rose to 2% in January 2026, exceeding both market forecasts and the previous month’s 1.8%. This also marked the highest reading since February, mainly driven by a sharp increase in housing and utility costs, which climbed to 3.3%, a fifteen-month high, from 2.5% in December. Prices also rose faster for furnishings, household equipment and maintenance (2.3% vs 1.9%), restaurants and accommodation services (4% vs 2.4%), and personal care, miscellaneous goods and services (2.6% vs 2.2%). In contrast, inflation softened for food and non-alcoholic beverages (1.1% vs 1.4%) and alcoholic beverages and tobacco (3.1% vs 3.3%), while transport costs declined for the first time in five months (-0.3% vs 0.3%). On a monthly basis, consumer prices increased by 0.8% in January, following a 0.9% gain in the preceding period. Core inflation, which excludes certain food and energy items, rose to 2.8%, the highest since July 2024, from 2.4% in December.