Core consumer prices in Philippines increased 6.90 percent in December of 2022 over the same month in the previous year, the most since November 2008. source: Philippine Statistics Authority

Core Inflation Rate in Philippines averaged 3.77 percent from 2001 until 2022, reaching an all time high of 7.25 percent in October of 2008 and a record low of 1.40 percent in September of 2015. This page provides the latest reported value for - Philippines Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Core Inflation Rate in Philippines is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Core Inflation Rate is projected to trend around 3.70 percent in 2024 and 3.00 percent in 2025, according to our econometric models.

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Philippines Core Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-02-04 01:00 AM Jan 3% 3% 2.6%
2023-01-05 01:00 AM Dec 6.9% 6.5%
2023-02-07 01:00 AM Jan 6.9% 6.9%

Related Last Previous Unit Reference
Inflation Rate 8.10 8.00 percent Dec 2022
Inflation Rate MoM 0.30 0.90 percent Dec 2022
Consumer Price Index CPI 119.40 119.00 points Dec 2022
Core Inflation Rate 6.90 6.50 percent Dec 2022
Core Consumer Prices 118.40 118.00 points Dec 2022
Producer Prices 98.80 99.45 points Nov 2022
Food Inflation 10.20 10.00 percent Dec 2022
CPI Transportation 128.40 131.00 points Dec 2022
CPI Housing Utilities 116.10 115.50 points Dec 2022

Philippines Core Inflation Rate
In Philippines, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.
Actual Previous Highest Lowest Dates Unit Frequency
6.90 6.50 7.25 1.40 2001 - 2022 percent Monthly