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Philippines Inflation Rate

The Philippines' inflation rate increased to 1.7% in September 2025, up from 1.5% in August 2025. This marks the highest rate since March 2025. The rise was driven by a higher annual increment in the transport index which moved from a 0.3% decline in August to a 1.0% increase in September. Food and non-alcoholic beverages also saw faster annual increments, rising to 1.0% in September from 0.9% in August. This acceleration in food inflation resulted from a significant increase in prices for vegetables, tubers, plantains and cooking bananas, up by 19.4% in September from 10.0% in August. Adverse weather conditions and storms contributed to higher prices for vegetables and fish. The Philippines' record low inflation rate was -2.1% in January 1959 and record high was 62.8% in September 1984.

Monthly Historical Data (1958-2025)

(in %)
Month Inflation Rate
Sep 2025 1.7%
Aug 2025 1.5%
Jul 2025 0.9%
Jun 2025 1.4%
May 2025 1.3%
Apr 2025 1.4%
Mar 2025 1.8%
Feb 2025 2.1%
Jan 2025 2.9%
Dec 2024 2.9%
Nov 2024 2.5%
Oct 2024 2.3%
Sep 2024 1.9%
Aug 2024 3.3%
Jul 2024 4.4%
Jun 2024 3.7%
May 2024 3.9%
Apr 2024 3.8%
Mar 2024 3.7%
Feb 2024 3.4%
Jan 2024 2.8%
Dec 2023 3.9%
Nov 2023 4.1%
Oct 2023 4.9%
Sep 2023 6.1%
Aug 2023 5.3%
Jul 2023 4.7%
Jun 2023 5.4%
May 2023 6.1%
Apr 2023 6.6%
Mar 2023 7.6%
Feb 2023 8.6%
Jan 2023 8.7%
Dec 2022 8.1%
Nov 2022 8%
Oct 2022 7.7%
Sep 2022 6.9%
Aug 2022 6.3%
Jul 2022 6.4%
Jun 2022 6.1%
May 2022 5.4%
Apr 2022 4.9%
Mar 2022 4%
Feb 2022 3%
Jan 2022 3%
Dec 2021 3.1%
Nov 2021 3.7%
Oct 2021 4%
Sep 2021 4.2%
Aug 2021 4.4%
Jul 2021 3.7%
Jun 2021 3.7%
May 2021 4.1%
Apr 2021 4.1%
Mar 2021 4.1%
Feb 2021 4.2%
Jan 2021 3.7%
Dec 2020 3.3%
Nov 2020 3%
Oct 2020 2.3%
Sep 2020 2.2%
Aug 2020 2.2%
Jul 2020 2.4%
Jun 2020 2.3%
May 2020 1.6%
Apr 2020 1.8%
Mar 2020 2.2%
Feb 2020 2.6%
Jan 2020 2.9%
Dec 2019 2.5%
Nov 2019 1.3%
Oct 2019 0.8%
Sep 2019 0.9%
Aug 2019 1.7%
Jul 2019 2.4%
Jun 2019 2.7%
May 2019 3.2%
Apr 2019 3%
Mar 2019 3.3%
Feb 2019 3.8%
Jan 2019 4.4%
Dec 2018 5.1%
Nov 2018 6%
Oct 2018 6.7%
Sep 2018 6.7%
Aug 2018 6.4%
Jul 2018 5.7%
Jun 2018 5.2%
May 2018 4.6%
Apr 2018 4.5%
Mar 2018 4.3%
Feb 2018 3.8%
Jan 2018 3.4%
Dec 2017 2.9%
Nov 2017 3%
Oct 2017 3.1%
Sep 2017 3.1%
Aug 2017 2.7%
Jul 2017 2.4%
Jun 2017 2.5%
May 2017 2.9%
Apr 2017 3.2%
Mar 2017 3.1%
Feb 2017 3.1%
Jan 2017 2.5%
Dec 2016 2.2%
Nov 2016 2.1%
Oct 2016 1.8%
Sep 2016 1.7%
Aug 2016 1.3%
Jul 2016 1.3%
Jun 2016 1.3%
May 2016 0.9%
Apr 2016 0.7%
Mar 2016 0.6%
Feb 2016 0.5%
Jan 2016 0.7%
Dec 2015 0.7%
Nov 2015 0.3%
Oct 2015 -0.2%
Sep 2015 -0.4%
Aug 2015 0%
Jul 2015 0.2%
Jun 2015 0.6%
May 2015 0.9%
Apr 2015 1.4%
Mar 2015 1.5%
Feb 2015 1.5%
Jan 2015 1.5%
Dec 2014 1.9%
Nov 2014 3%
Oct 2014 3.7%
Sep 2014 3.9%
Aug 2014 4.2%
Jul 2014 4.2%
Jun 2014 3.8%
May 2014 4%
Apr 2014 3.7%
Mar 2014 3.4%
Feb 2014 3.6%
Jan 2014 3.8%
Dec 2013 3.8%
Nov 2013 2.9%
Oct 2013 2.4%
Sep 2013 2.3%
Aug 2013 1.8%
Jul 2013 2.5%
Jun 2013 2.5%
May 2013 2.3%
Apr 2013 2.1%
Mar 2013 2.8%
Feb 2013 2.9%
Jan 2013 2.7%
Dec 2012 2.7%
Nov 2012 2.7%
Oct 2012 3.1%
Sep 2012 3.5%
Aug 2012 3.6%
Jul 2012 2.8%
Jun 2012 2.6%
May 2012 2.8%
Apr 2012 3%
Mar 2012 2.7%
Feb 2012 2.8%
Jan 2012 4%
Dec 2011 4.2%
Nov 2011 4.7%
Oct 2011 5.2%
Sep 2011 4.7%
Aug 2011 4.6%
Jul 2011 4.9%
Jun 2011 5.2%
May 2011 4.9%
Apr 2011 4.7%
Mar 2011 4.9%
Feb 2011 4.7%
Jan 2011 4%
Dec 2010 3.6%
Nov 2010 3.7%
Oct 2010 3.2%
Sep 2010 3.8%
Aug 2010 4.1%
Jul 2010 3.7%
Jun 2010 3.6%
May 2010 3.9%
Apr 2010 4%
Mar 2010 3.9%
Feb 2010 3.9%
Jan 2010 3.9%
Dec 2009 4.4%
Nov 2009 3.5%
Oct 2009 2.9%
Sep 2009 2.3%
Aug 2009 1.7%
Jul 2009 2.2%
Jun 2009 3.2%
May 2009 4.3%
Apr 2009 5.6%
Mar 2009 6.6%
Feb 2009 7.2%
Jan 2009 7.1%
Dec 2008 7.8%
Nov 2008 9.1%
Oct 2008 9.7%
Sep 2008 10.1%
Aug 2008 10.5%
Jul 2008 10.2%
Jun 2008 9.4%
May 2008 8.2%
Apr 2008 7.3%
Mar 2008 5.9%
Feb 2008 5.1%
Jan 2008 4.6%
Dec 2007 3.7%
Nov 2007 3.1%
Oct 2007 2.9%
Sep 2007 2.9%
Aug 2007 2.7%
Jul 2007 2.9%
Jun 2007 2.6%
May 2007 2.7%
Apr 2007 2.6%
Mar 2007 2.6%
Feb 2007 2.9%
Jan 2007 3.8%
Dec 2006 4.1%
Nov 2006 4.2%
Oct 2006 4.7%
Sep 2006 4.9%
Aug 2006 5.2%
Jul 2006 5.5%
Jun 2006 5.9%
May 2006 6%
Apr 2006 6.3%
Mar 2006 6.6%
Feb 2006 6.5%
Jan 2006 5.9%
Dec 2005 5.9%
Nov 2005 6.2%
Oct 2005 6.2%
Sep 2005 6%
Aug 2005 6.1%
Jul 2005 6%
Jun 2005 6.7%
May 2005 7.3%
Apr 2005 7.2%
Mar 2005 7.1%
Feb 2005 7.3%
Jan 2005 7.3%
Dec 2004 7.1%
Nov 2004 6.8%
Oct 2004 6.3%
Sep 2004 6.2%
Aug 2004 5.7%
Jul 2004 5.5%
Jun 2004 4.1%
May 2004 3.6%
Apr 2004 3.2%
Mar 2004 3.1%
Feb 2004 2.9%
Jan 2004 2.9%
Dec 2003 2.5%
Nov 2003 2.4%
Oct 2003 2.3%
Sep 2003 2.2%
Aug 2003 2.2%
Jul 2003 2.3%
Jun 2003 2.8%
May 2003 2.2%
Apr 2003 2.2%
Mar 2003 2.1%
Feb 2003 2.3%
Jan 2003 1.9%
Dec 2002 2.1%
Nov 2002 2.1%
Oct 2002 2.3%
Sep 2002 2.5%
Aug 2002 2.7%
Jul 2002 2.5%
Jun 2002 2.6%
May 2002 3.2%
Apr 2002 3.4%
Mar 2002 3.3%
Feb 2002 2.9%
Jan 2002 3.3%
Dec 2001 3.7%
Nov 2001 4.2%
Oct 2001 5.2%
Sep 2001 5.7%
Aug 2001 5.7%
Jul 2001 6%
Jun 2001 5.9%
May 2001 5.5%
Apr 2001 5.5%
Mar 2001 5.8%
Feb 2001 5.8%
Jan 2001 5.8%
Dec 2000 8.7%
Nov 2000 7.8%
Oct 2000 6.7%
Sep 2000 6.5%
Aug 2000 6.8%
Jul 2000 6.5%
Jun 2000 6.1%
May 2000 6.5%
Apr 2000 6.2%
Mar 2000 5.9%
Feb 2000 5.6%
Jan 2000 5.5%
Dec 1999 3.9%
Nov 1999 3.9%
Oct 1999 5.2%
Sep 1999 4.9%
Aug 1999 4.8%
Jul 1999 5.1%
Jun 1999 5.3%
May 1999 6.3%
Apr 1999 7.4%
Mar 1999 7.9%
Feb 1999 9.3%
Jan 1999 10.7%
Dec 1998 10%
Nov 1998 10.6%
Oct 1998 10%
Sep 1998 10.2%
Aug 1998 10.1%
Jul 1998 10.1%
Jun 1998 10.2%
May 1998 9.6%
Apr 1998 8.7%
Mar 1998 8.2%
Feb 1998 7.7%
Jan 1998 6.6%
Dec 1997 6.5%
Nov 1997 6.7%
Oct 1997 5.9%
Sep 1997 5.7%
Aug 1997 5.4%
Jul 1997 5.6%
Jun 1997 5.6%
May 1997 5%
Apr 1997 5.2%
Mar 1997 5.5%
Feb 1997 5.2%
Jan 1997 5.4%
Dec 1996 7.4%
Nov 1996 6.6%
Oct 1996 6.7%
Sep 1996 6.7%
Aug 1996 8.2%
Jul 1996 8.7%
Jun 1996 8.9%
May 1996 9.2%
Apr 1996 9.4%
Mar 1996 9.5%
Feb 1996 9.3%
Jan 1996 9.5%
Dec 1995 8.2%
Nov 1995 8.4%
Oct 1995 8.2%
Sep 1995 8%
Aug 1995 6.8%
Jul 1995 6.3%
Jun 1995 6.5%
May 1995 6.2%
Apr 1995 6%
Mar 1995 6%
Feb 1995 5.6%
Jan 1995 6.1%
Dec 1994 9%
Nov 1994 9.1%
Oct 1994 9.4%
Sep 1994 10%
Aug 1994 10.8%
Jul 1994 10.8%
Jun 1994 11.2%
May 1994 11.7%
Apr 1994 11.8%
Mar 1994 11.5%
Feb 1994 12.1%
Jan 1994 10.9%
Dec 1993 7.4%
Nov 1993 7%
Oct 1993 6.9%
Sep 1993 6.6%
Aug 1993 6.3%
Jul 1993 6.1%
Jun 1993 6%
May 1993 6.1%
Apr 1993 6.7%
Mar 1993 6.9%
Feb 1993 7.3%
Jan 1993 7.5%
Dec 1992 7.4%
Nov 1992 8%
Oct 1992 8.2%
Sep 1992 8.2%
Aug 1992 8.3%
Jul 1992 8.9%
Jun 1992 9%
May 1992 8.9%
Apr 1992 8.6%
Mar 1992 8.8%
Feb 1992 9.1%
Jan 1992 10.8%
Dec 1991 13.2%
Nov 1991 17.2%
Oct 1991 18.7%
Sep 1991 20.9%
Aug 1991 21.1%
Jul 1991 20%
Jun 1991 20.3%
May 1991 20.5%
Apr 1991 20.4%
Mar 1991 20.8%
Feb 1991 20.2%
Jan 1991 18.5%
Dec 1990 16.6%
Nov 1990 14.3%
Oct 1990 13.2%
Sep 1990 12.1%
Aug 1990 11.7%
Jul 1990 13.4%
Jun 1990 13%
May 1990 13.7%
Apr 1990 14.1%
Mar 1990 14%
Feb 1990 13.8%
Jan 1990 13.8%
Dec 1989 14.1%
Nov 1989 12.8%
Oct 1989 13.3%
Sep 1989 12.5%
Aug 1989 11.9%
Jul 1989 10.6%
Jun 1989 10.1%
May 1989 9.3%
Apr 1989 8.5%
Mar 1989 8.3%
Feb 1989 8.6%
Jan 1989 9%
Dec 1988 13.5%
Nov 1988 13.7%
Oct 1988 13.1%
Sep 1988 12.8%
Aug 1988 13.6%
Jul 1988 13.3%
Jun 1988 14.1%
May 1988 14.6%
Apr 1988 15.4%
Mar 1988 14.4%
Feb 1988 14.1%
Jan 1988 13.9%
Dec 1987 8%
Nov 1987 7.3%
Oct 1987 7%
Sep 1987 7.4%
Aug 1987 6.4%
Jul 1987 6%
Jun 1987 4.7%
May 1987 2.7%
Apr 1987 1%
Mar 1987 -0.6%
Feb 1987 -0.3%
Jan 1987 -0.3%
Dec 1986 -0.7%
Nov 1986 -0.7%
Oct 1986 -0.3%
Sep 1986 -0.7%
Aug 1986 -1%
Jul 1986 -1%
Jun 1986 0.7%
May 1986 2%
Apr 1986 2.7%
Mar 1986 4.4%
Feb 1986 4.4%
Jan 1986 4.1%
Dec 1985 6.3%
Nov 1985 7.5%
Oct 1985 11.1%
Sep 1985 12.4%
Aug 1985 15.3%
Jul 1985 18%
Jun 1985 26.5%
May 1985 34.2%
Apr 1985 36.1%
Mar 1985 38.5%
Feb 1985 39.5%
Jan 1985 43.8%
Dec 1984 49.2%
Nov 1984 58.8%
Oct 1984 62.7%
Sep 1984 62.8%
Aug 1984 60.1%
Jul 1984 58.4%
Jun 1984 49%
May 1984 41.3%
Apr 1984 40.3%
Mar 1984 39.2%
Feb 1984 37.3%
Jan 1984 33.6%
Dec 1983 26.5%
Nov 1983 16.4%
Oct 1983 9.9%
Sep 1983 8.6%
Aug 1983 7.9%
Jul 1983 7.3%
Jun 1983 6.8%
May 1983 6.2%
Apr 1983 6.2%
Mar 1983 6.2%
Feb 1983 6.2%
Jan 1983 6.3%
Dec 1982 7.9%
Nov 1982 9.4%
Oct 1982 9.4%
Sep 1982 10.2%
Aug 1982 11%
Jul 1982 10.3%
Jun 1982 10.5%
May 1982 11.5%
Apr 1982 10.7%
Mar 1982 10.8%
Feb 1982 10.8%
Jan 1982 10.9%
Dec 1981 8.9%
Nov 1981 9.2%
Oct 1981 9.7%
Sep 1981 10.1%
Aug 1981 10.4%
Jul 1981 11.8%
Jun 1981 10.9%
May 1981 10.1%
Apr 1981 11.2%
Mar 1981 11.6%
Feb 1981 13.3%
Jan 1981 16%
Dec 1980 15.2%
Nov 1980 15.6%
Oct 1980 15.4%
Sep 1980 15.4%
Aug 1980 15.8%
Jul 1980 16.4%
Jun 1980 17%
May 1980 18.1%
Apr 1980 19.4%
Mar 1980 22.2%
Feb 1980 22.5%
Jan 1980 18.8%
Dec 1979 22.4%
Nov 1979 21%
Oct 1979 21.5%
Sep 1979 21.1%
Aug 1979 20.6%
Jul 1979 19.6%
Jun 1979 18.9%
May 1979 17.6%
Apr 1979 15.4%
Mar 1979 11.6%
Feb 1979 9.1%
Jan 1979 9.1%
Dec 1978 6.9%
Nov 1978 7.4%
Oct 1978 6.4%
Sep 1978 6%
Aug 1978 5.8%
Jul 1978 5.6%
Jun 1978 6%
May 1978 6.7%
Apr 1978 7.1%
Mar 1978 8%
Feb 1978 9.2%
Jan 1978 9.7%
Dec 1977 10.3%
Nov 1977 10.7%
Oct 1977 10.8%
Sep 1977 10.8%
Aug 1977 10.5%
Jul 1977 10.3%
Jun 1977 9.1%
May 1977 9.7%
Apr 1977 10.1%
Mar 1977 9.4%
Feb 1977 9.6%
Jan 1977 10.1%
Dec 1976 11.5%
Nov 1976 10.9%
Oct 1976 10.8%
Sep 1976 10.2%
Aug 1976 10.4%
Jul 1976 10.4%
Jun 1976 10.7%
May 1976 8.6%
Apr 1976 8%
Mar 1976 8.2%
Feb 1976 6.7%
Jan 1976 4.9%
Dec 1975 1.5%
Nov 1975 0%
Oct 1975 0.3%
Sep 1975 0.9%
Aug 1975 0.6%
Jul 1975 1.2%
Jun 1975 4%
May 1975 6.5%
Apr 1975 8.4%
Mar 1975 9%
Feb 1975 11.4%
Jan 1975 14.7%
Dec 1974 22.2%
Nov 1974 26.4%
Oct 1974 28.5%
Sep 1974 27.7%
Aug 1974 31.3%
Jul 1974 35.2%
Jun 1974 34.8%
May 1974 35.5%
Apr 1974 36%
Mar 1974 37.1%
Feb 1974 36.7%
Jan 1974 34.4%
Dec 1973 33.7%
Nov 1973 30.6%
Oct 1973 21.7%
Sep 1973 20%
Aug 1973 16.9%
Jul 1973 10.9%
Jun 1973 11.6%
May 1973 10.4%
Apr 1973 9.6%
Mar 1973 10.1%
Feb 1973 5.5%
Jan 1973 7.3%
Dec 1972 4.8%
Nov 1972 5.8%
Oct 1972 11.5%
Sep 1972 14.4%
Aug 1972 15.1%
Jul 1972 18.2%
Jun 1972 17.5%
May 1972 16.5%
Apr 1972 15%
Mar 1972 12.2%
Feb 1972 16.8%
Jan 1972 15.5%
Dec 1971 16.7%
Nov 1971 16.5%
Oct 1971 20.6%
Sep 1971 21.9%
Aug 1971 21.5%
Jul 1971 21.5%
Jun 1971 19.2%
May 1971 20.6%
Apr 1971 20.3%
Mar 1971 22.7%
Feb 1971 24.3%
Jan 1971 23.8%
Dec 1970 20.8%
Nov 1970 22.8%
Oct 1970 18.1%
Sep 1970 16.4%
Aug 1970 14.9%
Jul 1970 14.7%
Jun 1970 14.1%
May 1970 13.6%
Apr 1970 14.1%
Mar 1970 12.2%
Feb 1970 9.5%
Jan 1970 7.9%
Dec 1969 6%
Nov 1969 3.4%
Oct 1969 2.6%
Sep 1969 2.6%
Aug 1969 3.4%
Jul 1969 2.6%
Jun 1969 1.1%
May 1969 -0.4%
Apr 1969 -0.4%
Mar 1969 -1.1%
Feb 1969 -1.1%
Jan 1969 -1.5%
Dec 1968 -0.4%
Nov 1968 -0.4%
Oct 1968 1.9%
Sep 1968 1.1%
Aug 1968 1.1%
Jul 1968 1.9%
Jun 1968 2.7%
May 1968 3.5%
Apr 1968 2.7%
Mar 1968 2.7%
Feb 1968 1.9%
Jan 1968 3.9%
Dec 1967 5.9%
Nov 1967 6.8%
Oct 1967 4.8%
Sep 1967 4.8%
Aug 1967 5.6%
Jul 1967 4%
Jun 1967 3.2%
May 1967 4%
Apr 1967 5.8%
Mar 1967 6.6%
Feb 1967 6.5%
Jan 1967 5.7%
Dec 1966 4.5%
Nov 1966 4.6%
Oct 1966 4.1%
Sep 1966 4.1%
Aug 1966 3.3%
Jul 1966 4.2%
Jun 1966 5.5%
May 1966 3.8%
Apr 1966 1.2%
Mar 1966 1.7%
Feb 1966 2.5%
Jan 1966 1.7%
Dec 1965 -0.8%
Nov 1965 0%
Oct 1965 0.8%
Sep 1965 0%
Aug 1965 -0.8%
Jul 1965 -0.8%
Jun 1965 0.8%
May 1965 1.7%
Apr 1965 2.6%
Mar 1965 3%
Feb 1965 3%
Jan 1965 3.9%
Dec 1964 5.6%
Nov 1964 3.9%
Oct 1964 3.9%
Sep 1964 4.8%
Aug 1964 9.4%
Jul 1964 9.5%
Jun 1964 7.8%
May 1964 7.8%
Apr 1964 8.3%
Mar 1964 8.4%
Feb 1964 10%
Jan 1964 10%
Dec 1963 9.5%
Nov 1963 9.5%
Oct 1963 10%
Sep 1963 10%
Aug 1963 6.2%
Jul 1963 7.8%
Jun 1963 6.8%
May 1963 6.9%
Apr 1963 7.5%
Mar 1963 6.5%
Feb 1963 3.9%
Jan 1963 5%
Dec 1962 5%
Nov 1962 3.9%
Oct 1962 2.4%
Sep 1962 1%
Aug 1962 2.4%
Jul 1962 1%
Jun 1962 2.5%
May 1962 1.5%
Apr 1962 1.5%
Mar 1962 1.5%
Feb 1962 1.5%
Jan 1962 0.5%
Dec 1961 0%
Nov 1961 0.5%
Oct 1961 1.5%
Sep 1961 4%
Aug 1961 3.5%
Jul 1961 4.1%
Jun 1961 3.6%
May 1961 4.7%
Apr 1961 4.8%
Mar 1961 5.3%
Feb 1961 5.8%
Jan 1961 4.7%
Dec 1960 5.8%
Nov 1960 6.3%
Oct 1960 7.4%
Sep 1960 7.5%
Aug 1960 6.5%
Jul 1960 4.8%
Jun 1960 4.9%
May 1960 4.4%
Apr 1960 3.3%
Mar 1960 2.7%
Feb 1960 2.7%
Jan 1960 3.8%
Dec 1959 2.7%
Nov 1959 1.6%
Oct 1959 0.5%
Sep 1959 -0.5%
Aug 1959 -0.5%
Jul 1959 -0.5%
Jun 1959 -1.6%
May 1959 -2.1%
Apr 1959 -1.6%
Mar 1959 -1.6%
Feb 1959 -2.1%
Jan 1959 -2.1%
Dec 1958 -0.5%
Nov 1958 0.5%
Oct 1958 0.5%
Sep 1958 1.6%
Aug 1958 2.7%
Jul 1958 3.9%
Jun 1958 5.1%
May 1958 6.3%
Apr 1958 5.7%
Mar 1958 5.7%
Feb 1958 6.8%
Jan 1958 6.8%

Recent Events

datetime event actual previous consensus
2025-10-06 09:00 PM Inflation Rate YoY (Sep) 1.7% 1.5% 2%
2025-09-04 09:00 PM Inflation Rate YoY (Aug) 1.5% 0.9% 1.2%

Next Release Date :

Philippines Inflation Rate : Definition
Philippines' inflation rate measures the year-over-year percentage change in the Consumer Price Index (CPI), published by the Philippine Statistics Authority. The largest categories are food and non-alcoholic beverages, housing, transport, and restaurants.