The annual inflation rate in the Philippines unexpectedly was at 4.5% in April 2021, unchanged from the previous month and less than market consensus of 4.7%. Inflation was steady for both clothing (at 1.6%) and education (at 1.1%). Prices eased for food and non-alcoholic beverages (4.8% vs 5.8% in March), alcoholic beverages (12.0% vs 12.1%). Prices rose faster for housing (1.5% vs 0.9%), transport (17.9% vs 13.8%), furnishing (2.1% vs 1.9%), health (3.1% vs 2.9%), communication (0.3% vs 0.2%), and restaurant and miscellaneous goods and services (3.4% vs 3.1%). By contrast, prices of recreation fell further (-0.6% vs -0.6%). The latest reading, however, remained above the central bank's target of 2 to 4%. On a monthly basis, consumer prices dropped 0.1%, the second straight month of fall, after a 0.2% fall in March. source: Philippine Statistics Authority
Inflation Rate in Philippines averaged 8.19 percent from 1958 until 2021, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959. This page provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Inflation Rate in Philippines is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Philippines to stand at 2.30 in 12 months time. In the long-term, the Philippines Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.