Average inflation in Philippines

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 4.3% 2027: 3.2% 2028: 3.0% 2029: 3.0% 2030: 3.0% 2031: 3.0%

6.2% (1999) ANUAL · % · Annual · CSV

Period	%
Jan 1999	6.2%
Jan 1998	9.4%
Jan 1997	5.6%
Jan 1996	8.3%
Jan 1995	6.9%
Jan 1994	12.5%
Jan 1993	6.8%
Jan 1992	8.6%
Jan 1991	19.4%
Jan 1990	13.2%

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually, covering the full year and subject to revision.

What it is

Measures the change in prices of a representative basket of goods and services bought by Filipino households. Published by the Philippine Statistics Authority (PSA), it is the country's main gauge of inflation.

How it's calculated

Built from a regular price survey across regions, weighting each item by its share of household spending on an index with a base year of 100. It is released as an annual (YoY) and monthly (MoM) rate of change.

Market implications

Inflation is the key variable for the Bangko Sentral ng Pilipinas (BSP), which runs an inflation-targeting regime. An above-expectations print tends to point to rate rises and supports the Philippine peso; food prices, rice in particular, carry a decisive weight.

Limitations

It captures only the selected basket and is highly sensitive to food and energy prices, which add considerable volatility. Core inflation, stripping out these components, better reflects underlying price pressures.