Inflation Rate and Consumer Price Index
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Philippine Inflation Rates: 2019 to 2024

Historical inflation rates for Philippines

Updated: February 6, 2024
Next update: March 5, 2024
YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20242.8%
20238.7%8.6%7.6%6.6%6.1%5.4%4.7%5.3%6.1%4.9%4.1%3.9%6.0%
20223.0%3.0%4.0%4.9%5.4%6.1%6.4%6.3%6.9%7.7%8.0%8.1%5.8%
20213.7%4.2%4.1%4.1%4.1%3.7%3.7%4.4%4.2%4.0%3.7%3.1%3.9%
20203.0%2.5%2.2%1.8%1.6%2.3%2.4%2.2%2.2%2.3%3.0%3.3%2.4%
20194.4%3.8%3.4%3.2%3.2%2.7%2.2%1.4%0.5%0.6%1.2%2.4%2.4%

Additional resources

All inflation rates are calculated using the Philippines Consumer Price Index (CPI) series.