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Inflation, CPI (Average) in Philippines

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Average inflation measured by CPI reached 2.48 % in 2019 in Philippines, according to the National Statistical Office. This is 52.4 % less than in the previous year.

Historically, average inflation measured by CPI in Philippines reached an all time high of 46.7 % in 1984 and an all time low of -0.325 % in 1986. When compared to Philippines's main peers, average inflation measured by CPI in China amounted to 2.90 %, 2.82 % in Indonesia, 0.539 % in Taiwan and 2.80 % in Vietnam in 2019.

Philippines has been ranked 83rd within the group of 175 countries we follow in terms of average inflation measured by CPI, 7 places above the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.

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