Philippine inflation rate
Philippines inflation summary for January 2026
Updated: February 5, 2026
Next update: March 5, 2026
Current Philippines inflation rate
January 2026
2.0%
The Consumer Price Index for Philippines is 131 for the month of January 2026. The inflation rate year over year is 2.0% (compared to 0.0% for the previous month). Inflation from December 2025 to January 2026 was 0.8%.
Previous Philippines Inflation Rate
December 2025 to January 2026
0.8%
Month-to-Month Philippines Inflation Rate
December 2025
0.0%
Recent inflation rates for Philippines
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.0% | ||||||||||||
| 2025 | 2.9% | 2.1% | 1.8% | 1.4% | 1.3% | 1.4% | 0.9% | 1.5% | 1.7% | 1.7% | 1.5% | 1.8% | 1.7% |
| 2024 | 2.8% | 3.4% | 3.7% | 3.8% | 3.9% | 3.7% | 4.4% | 3.3% | 1.9% | 2.3% | 2.5% | 2.9% | 3.2% |
| 2023 | 8.7% | 8.6% | 7.6% | 6.6% | 6.1% | 5.4% | 4.7% | 5.3% | 6.1% | 4.9% | 4.1% | 3.9% | 6.0% |
| 2022 | 3.0% | 3.0% | 4.0% | 4.9% | 5.4% | 6.1% | 6.4% | 6.3% | 6.9% | 7.7% | 8.0% | 8.1% | 5.8% |
Additional resources
All inflation rates are calculated using the Philippines Consumer Price Index (CPI) series.