Philippines Inflation Rate

Last Release

May 31, 2025

Actual

1.3

Units In

1.4

Frequency

Monthly

Next Release

Jul 04, 2025

Time to Release

25 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
62.8 Sep 1984	-2.1 Jan 1959	7.96 %	1958-2025	Philippine Statistics Authority

In Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight); housing, water, electricity, gas and other fuels (22 percent) and transport (8 percent). The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent). Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent.

Latest Updates

The annual inflation rate in the Philippines eased to 1.3% in May 2025 from 1.4% in the previous month, aligning with market forecasts of 1.3%. This marked the lowest reading since November 2019, as prices moderated mainly for housing and utilities (2.3% vs 2.9% in April), restaurants and accommodation services (2.0% vs 2.3%), and furnishing, household equipment and routine household maintenance (2.0% vs 2.1%). Additionally, transport costs continued to decline (-2.4% vs -2.1%). In contrast, costs edged up for alcoholic beverages and tobacco (3.8% vs 3.7%), information and communication (0.4% vs 0.3%), recreation, sport and culture (2.2% vs 2.1%), and education (4.3% vs 4.2%) and stood steady for food and non-alcoholic beverages (0.9%) and clothing and footwear (1.6%). On a monthly basis, consumer prices fell by 0.1% in May, following a 0.4% drop the prior month. Meanwhile, core inflation, which excludes certain food and energy items, remained unchanged at 2.2% in May 2025.