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4 paź 2024 · The Philippines’ headline inflation or overall inflation slowed down further to 1.9 percent in September 2024. This is the lowest inflation rate since the 1.6 percent inflation rate recorded in May 2020. The inflation rate in August 2024 was recorded at 3.3 percent.
- Summary Inflation Report Consumer Price Index (2018=100): July 2023
The Philippines’ headline inflation or overall inflation...
- Press Conference on The July 2023 Inflation
The Philippine Statistics Authority (PSA) announces the...
- Press Conference on The August 2023 Inflation
The Philippine Statistics Authority (PSA) announces the...
- CPI
Philippine Standard Time: Main navigation. GOVPH ; Home ;...
- GWPI
Figure 1. Annual Growth Rates of the GWPI by Area, All Items...
- Environment and Natural Resources Accounts
The Philippines’ Class A coal reserves were recorded at...
- Frequently Asked Questions
Consumer Price Index (CPI) and Inflation Rate ; CPI for...
- Environment Statistics
Philippine Standard Time: Main navigation. GOVPH ; Home ;...
- Summary Inflation Report Consumer Price Index (2018=100): July 2023
Inflation Rate in Philippines decreased to 1.90 percent in September from 3.30 percent in August of 2024. Inflation Rate in Philippines is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
Inflation is likely to slow down and settle within the target range by the third quarter of next year (July-September 2023), as global oil and non-oil prices start to ease. The impact of the BSP’s policy rate hikes will also help ease inflation in the second half of next year (July-December 2023).
The BSP expects 2022 inflation to settle above target reaching an average of 4.6%, higher than the previous estimate of 3.7%. Similarly, the 2023 inflation is projected to be higher at 3.9% than the previous estimate of 3.3%. Several factors could push inflation higher in 2022 and 2023.
The Philippines’ headline inflation accelerated to 6.9 percent in September 2022 from 4.2 percent in September 2021. This is within the BSP’s 6.6 to 7.4 percent forecast for the month1 and higher than the private sector’s median forecast of 6.7 percent.2 YTD inflation stood at 5.1 percent, which is well above the
17 lut 2022 · Our latest inflation forecasts indicate that price increases will average at 3.7% for 2022 and 3.3% for 2023, both within the government’s target range of 2.0% to 4.0%. View Table: BSP Average Baseline Inflation Projections
The Philippines’ headline inflation increased to 5.4 percent in May 2022. This is within the Bangko Sentral ng Pilipinas’ (BSP) forecast for the month of 5.0 to 5.8 percent and consistent with the private sector’s median forecast.1 YTD inflation is at 4.1 percent, slightly above the government’s inflation target of 2.0 to 4.0 percent for 2022.
