Inflation Rate and Consumer Price Index
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Philippine inflation rate

Philippines inflation summary for January 2024

Updated: February 6, 2024
Next update: March 5, 2024

Current Philippines inflation rate

January 2024
2.8%
The Consumer Price Index for Philippines is 124.8 for the month of January 2024. The inflation rate year over year is 2.8% (compared to 0.0% for the previous month). Inflation from December 2023 to January 2024 was 0.6%.

Previous Philippines Inflation Rate

December 2023 to January 2024
0.6%

Month-to-Month Philippines Inflation Rate

December 2023
0.0%

Recent inflation rates for Philippines

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