Philippines Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Philippines inflation rate for 2023 was 5.98%, a 0.16% increase from 2022.
- Philippines inflation rate for 2022 was 5.82%, a 1.89% increase from 2021.
- Philippines inflation rate for 2021 was 3.93%, a 1.53% increase from 2020.
- Philippines inflation rate for 2020 was 2.39%, a 0% increase from 2019.
| Philippines Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.98% |
0.16% |
| 2022 |
5.82% |
1.89% |
| 2021 |
3.93% |
1.53% |
| 2020 |
2.39% |
0.00% |
| 2019 |
2.39% |
-2.92% |
| 2018 |
5.31% |
2.46% |
| 2017 |
2.85% |
1.60% |
| 2016 |
1.25% |
0.58% |
| 2015 |
0.67% |
-2.92% |
| 2014 |
3.60% |
1.02% |
| 2013 |
2.58% |
-0.44% |
| 2012 |
3.03% |
-1.69% |
| 2011 |
4.72% |
0.93% |
| 2010 |
3.79% |
-0.43% |
| 2009 |
4.22% |
-4.04% |
| 2008 |
8.26% |
5.36% |
| 2007 |
2.90% |
-2.59% |
| 2006 |
5.49% |
-1.03% |
| 2005 |
6.52% |
1.69% |
| 2004 |
4.83% |
2.54% |
| 2003 |
2.29% |
-0.43% |
| 2002 |
2.72% |
-2.62% |
| 2001 |
5.35% |
1.37% |
| 2000 |
3.98% |
-1.96% |
| 1999 |
5.94% |
-3.30% |
| 1998 |
9.23% |
3.64% |
| 1997 |
5.59% |
-1.89% |
| 1996 |
7.48% |
0.64% |
| 1995 |
6.83% |
-3.55% |
| 1994 |
10.39% |
3.67% |
| 1993 |
6.72% |
-1.93% |
| 1992 |
8.65% |
-10.61% |
| 1991 |
19.26% |
7.08% |
| 1990 |
12.18% |
-0.07% |
| 1989 |
12.24% |
-1.62% |
| 1988 |
13.86% |
9.79% |
| 1987 |
4.07% |
2.92% |
| 1986 |
1.15% |
-21.96% |
| 1985 |
23.10% |
-27.24% |
| 1984 |
50.34% |
40.31% |
| 1983 |
10.03% |
-0.19% |
| 1982 |
10.22% |
-2.86% |
| 1981 |
13.08% |
-5.12% |
| 1980 |
18.20% |
0.67% |
| 1979 |
17.53% |
10.20% |
| 1978 |
7.33% |
-2.56% |
| 1977 |
9.90% |
0.70% |
| 1976 |
9.20% |
2.44% |
| 1975 |
6.76% |
-27.40% |
| 1974 |
34.16% |
17.58% |
| 1973 |
16.58% |
8.38% |
| 1972 |
8.20% |
-13.20% |
| 1971 |
21.40% |
7.02% |
| 1970 |
14.38% |
12.43% |
| 1969 |
1.96% |
-0.40% |
| 1968 |
2.36% |
-3.90% |
| 1967 |
6.25% |
0.85% |
| 1966 |
5.40% |
2.84% |
| 1965 |
2.56% |
-5.62% |
| 1964 |
8.18% |
2.56% |
| 1963 |
5.63% |
-0.17% |
| 1962 |
5.80% |
4.20% |
| 1961 |
1.60% |
-2.56% |
| 1960 |
4.15% |
-2.56% |
