Inflation Rate and Consumer Price Index
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Philippine inflation rate

Philippines inflation summary for August 2023

Updated: September 5, 2023
Next update: October 5, 2023

Current Philippines inflation rate

August 2023
5.3%
The Consumer Price Index for Philippines is 122.5 for the month of August 2023. The inflation rate year over year is 5.3% (compared to 4.7% for the previous month). Inflation from July 2023 to August 2023 was 1.1%.

Previous Philippines Inflation Rate

July 2023 to August 2023
1.1%

Month-to-Month Philippines Inflation Rate

July 2023
4.7%

Recent inflation rates for Philippines

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20238.7%8.6%7.6%6.6%6.1%5.4%4.7%5.3%
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%
All inflation rates are calculated using the Philippines Consumer Price Index (CPI) series.