Food prices in the Philippines rose by 6.2 percent year-on-year in January 2021, accelerating from a 4.8 percent gain in the prior month. This was the highest food inflation since December 2018, with cost rising further for all categories: meat (17.1 percent vs 10 percent in December); fish (3.7 percent vs 3.1 percent); other cereals, flour, cereal preparation (2.1 percent vs 2.0 percent); vegetables (21.2 percent vs 19.7 percent); milk, cheese, eggs (1.7 percent vs 1.7 percent); oils and fats (2.9 percent vs 2.7 percent); fruits (9.0 percent vs 6.3 percent); food products, N.E.C. (3.2 percent vs 3.3 percent); rice (0.1 percent vs 0.1 percent); corn (1.6 percent vs 0.1 percent); and sugar, jam, honey, chocolate and confectionery (0.3 percent vs 0.4 percent). source: Phillipine Statistics Authority

Food Inflation in Philippines averaged 4.85 percent from 1995 until 2019, reaching an all time high of 17.30 percent in July of 2008 and a record low of -0.90 percent in September of 2019. This page provides the latest reported value for - Philippines Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Food Inflation - values, historical data and charts - was last updated on February of 2021.

Food Inflation in Philippines is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Philippines to stand at 1.50 in 12 months time. In the long-term, the Philippines Food Inflation is projected to trend around 3.00 percent in 2021, according to our econometric models.

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Philippines Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
6.20 4.80 17.30 -0.90 1995 - 2021 percent Monthly

Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 4.20 3.50 62.80 -2.10 percent [+]
Inflation Rate Mom 1.30 0.90 8.80 -4.50 percent [+]
Consumer Price Index CPI 127.80 126.20 127.80 1.00 points [+]
Core Consumer Prices 125.50 124.90 125.50 59.24 points [+]
Core Inflation Rate 3.40 3.30 7.25 1.40 percent [+]
GDP Deflator 107.10 102.21 158.72 12.87 points [+]
Producer Prices 129.77 128.20 180.70 81.10 points [+]
Producer Prices Change -2.40 -3.20 17.50 -10.00 percent [+]
Food Inflation 6.20 4.80 17.30 -0.90 percent [+]
Export Prices 103.05 91.24 133.52 8.57 points [+]
Import Prices 93.65 97.74 138.30 11.46 points [+]
CPI Housing Utilities 115.20 114.60 115.20 97.90 points [+]
CPI Transportation 116.20 115.80 116.20 91.90 points [+]