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Philippines Annual Inflation Rate

Philippines' annual inflation rate fell to 3.21% in 2024, down from 5.98% in 2023, according to World Bank. This represents a decrease of 2.77% from the previous year. The Philippines has annual inflation rate higher than the global median (3.21% vs median 3.16%). Compared with the median in Asia, the Philippines is higher (3.21% vs regional median 2.56%) and ranks 18th out of 44 countries in Asia.

Yearly Historical Data (1960-2024)

(in %)
Year Annual Inflation Rate (%)
2024 3.21%
2023 5.98%
2022 5.82%
2021 3.93%
2020 2.39%
2019 2.39%
2018 5.31%
2017 2.85%
2016 1.25%
2015 0.67%
2014 3.6%
2013 2.58%
2012 3.03%
2011 4.72%
2010 3.79%
2009 4.22%
2008 8.26%
2007 2.9%
2006 5.49%
2005 6.52%
2004 4.83%
2003 2.29%
2002 2.72%
2001 5.35%
2000 3.98%
1999 5.94%
1998 9.23%
1997 5.59%
1996 7.48%
1995 6.83%
1994 10.39%
1993 6.72%
1992 8.65%
1991 19.26%
1990 12.18%
1989 12.24%
1988 13.86%
1987 4.07%
1986 1.15%
1985 23.1%
1984 50.34%
1983 10.03%
1982 10.22%
1981 13.08%
1980 18.2%
1979 17.53%
1978 7.33%
1977 9.9%
1976 9.2%
1975 6.76%
1974 34.16%
1973 16.58%
1972 8.2%
1971 21.4%
1970 14.38%
1969 1.96%
1968 2.36%
1967 6.25%
1966 5.4%
1965 2.56%
1964 8.18%
1963 5.63%
1962 5.8%
1961 1.6%
1960 4.15%
Philippines Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Philippines.
Indicator Last Value Prior Value Period
Core Inflation Rate 2.6% 2.7% Sep'25
Inflation Rate 1.7% 1.5% Sep'25
Inflation Rate MoM 0% 0.6% Sep'25
Producer Price Index (PPI) 0.6% -0.1% Aug'25