Philippines - Inflation, consumer prices (annual %) 1960 - 2022
Philippines's inflation, consumer prices (annual %) is currently 5.82%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Philippines's inflation, consumer prices (annual %) for 2022 was 5.821%, a 48.23% increase from 2021, with a +1 difference.
- In 2021 it was 3.927%, a 64.10% increase from 2020, with a +1 difference.
- In 2020 it was 2.393%, a 0.05% increase from 2019.
- In 2019 it was 2.392%, a -54.95% increase from 2018.
- In 2018 it was 5.309%, a 86.08% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Philippines is currently 8.3618% (average of years with recorded data) with a lowest recorded value of 0.6742% in 2015 and a highest value of 50.339% in 1984.
Philippines's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 4.155% | |
| 1961 | 1.596% | -61.60% |
| 1962 | 5.797% | 263.28% |
| 1963 | 5.626% | -2.95% |
| 1964 | 8.183% | 45.46% |
| 1965 | 2.564% | -68.67% |
| 1966 | 5.4% | 110.60% |
| 1967 | 6.254% | 15.81% |
| 1968 | 2.359% | -62.28% |
| 1969 | 1.956% | -17.10% |
| 1970 | 14.381% | 635.43% |
| 1971 | 21.403% | 48.83% |
| 1972 | 8.204% | -61.67% |
| 1973 | 16.58% | 102.10% |
| 1974 | 34.164% | 106.05% |
| 1975 | 6.761% | -80.21% |
| 1976 | 9.199% | 36.06% |
| 1977 | 9.899% | 7.60% |
| 1978 | 7.335% | -25.90% |
| 1979 | 17.533% | 139.05% |
| 1980 | 18.201% | 3.81% |
| 1981 | 13.083% | -28.12% |
| 1982 | 10.222% | -21.87% |
| 1983 | 10.029% | -1.88% |
| 1984 | 50.339% | 401.92% |
| 1985 | 23.103% | -54.10% |
| 1986 | 1.148% | -95.03% |
| 1987 | 4.07% | 254.47% |
| 1988 | 13.86% | 240.56% |
| 1989 | 12.243% | -11.67% |
| 1990 | 12.177% | -0.54% |
| 1991 | 19.261% | 58.17% |
| 1992 | 8.651% | -55.09% |
| 1993 | 6.716% | -22.36% |
| 1994 | 10.386% | 54.65% |
| 1995 | 6.832% | -34.22% |
| 1996 | 7.476% | 9.43% |
| 1997 | 5.59% | -25.22% |
| 1998 | 9.235% | 65.20% |
| 1999 | 5.939% | -35.69% |
| 2000 | 3.977% | -33.03% |
| 2001 | 5.346% | 34.41% |
| 2002 | 2.723% | -49.06% |
| 2003 | 2.289% | -15.93% |
| 2004 | 4.829% | 110.96% |
| 2005 | 6.517% | 34.95% |
| 2006 | 5.485% | -15.83% |
| 2007 | 2.9% | -47.13% |
| 2008 | 8.26% | 184.84% |
| 2009 | 4.219% | -48.92% |
| 2010 | 3.79% | -10.17% |
| 2011 | 4.718% | 24.50% |
| 2012 | 3.027% | -35.85% |
| 2013 | 2.583% | -14.68% |
| 2014 | 3.598% | 39.31% |
| 2015 | 0.674% | -81.26% |
| 2016 | 1.254% | 85.96% |
| 2017 | 2.853% | 127.58% |
| 2018 | 5.309% | 86.08% |
| 2019 | 2.392% | -54.95% |
| 2020 | 2.393% | 0.05% |
| 2021 | 3.927% | 64.10% |
| 2022 | 5.821% | 48.23% |
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Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Philippines comes in 11th with 5.821% inflation, consumer prices (annual %).
- Within the same region, Lao PDR comes in 1st with 22.956%, inflation, consumer prices (annual %).
- Mongolia comes in 2nd with 15.148%.
- Palau comes in 3rd with 12.353%.
- Tonga comes in 4th with 10.971%.
- Samoa comes in 5th with 10.962%.
- Myanmar comes in 6th with 8.825%.
- New Zealand comes in 7th with 7.172%.
- Australia comes in 8th with 6.594%.
- Singapore comes in 9th with 6.121%.
- Thailand comes in 10th with 6.077%.
- Solomon Islands comes in 12th with 5.518%.
- Micronesia, Fed. Sts. comes in 13th with 5.409%.
- Cambodia comes in 14th with 5.344%.
- Korea, Rep. comes in 15th with 5.088%.
- Fiji comes in 16th with 4.52%.
- Papua New Guinea comes in 17th with 4.484%.
- Indonesia comes in 18th with 4.209%.
- Brunei Darussalam comes in 19th with 3.682%.
- Malaysia comes in 20th with 3.379%.
- And Vietnam comes in 21st with 3.157%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lao PDR | 22.96% | 2022 |
| 2 | Mongolia | 15.15% | 2022 |
| 3 | Palau | 12.35% | 2022 |
| 4 | Tonga | 10.97% | 2022 |
| 5 | Samoa | 10.96% | 2022 |
| 6 | Myanmar | 8.83% | 2019 |
| 7 | New Zealand | 7.17% | 2022 |
| 8 | Australia | 6.59% | 2022 |
| 9 | Singapore | 6.12% | 2022 |
| 10 | Thailand | 6.08% | 2022 |
Comparison with Countries in the Lower middle income Group.
Among countries in the same World Bank Lower middle income (LMI) group, Philippines comes in 34th with 5.821% inflation, consumer prices (annual %).
- Within the same income group, Honduras comes in 24th with 9.09%, inflation, consumer prices (annual %).
- Myanmar comes in 25th with 8.825%.
- Tunisia comes in 26th with 8.306%.
- Lesotho comes in 27th with 8.272%.
- Bangladesh comes in 28th with 7.697%.
- Kenya comes in 29th with 7.657%.
- India comes in 30th with 6.699%.
- Morocco comes in 31st with 6.657%.
- Cameroon comes in 32nd with 6.248%.
- Tajikistan comes in 33rd with 6.005%.
- Bhutan comes in 35th with 5.639%.
- Solomon Islands comes in 36th with 5.518%.
- Micronesia, Fed. Sts. comes in 37th with 5.409%.
- Cambodia comes in 38th with 5.344%.
- Cote d'Ivoire comes in 39th with 5.276%.
- Djibouti comes in 40th with 5.18%.
- Papua New Guinea comes in 41st with 4.484%.
- Tanzania comes in 42nd with 4.35%.
- Jordan comes in 43rd with 4.229%.
- And Nepal comes in 44th with 4.088%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Lower middle income Group.
Top 14 Countries in the Lower middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.756% | 2021 |
| 2 | Zimbabwe | 104.705% | 2022 |
| 3 | Sri Lanka | 49.721% | 2022 |
| 4 | Iran, Islamic Rep. | 43.389% | 2021 |
| 5 | Haiti | 33.984% | 2022 |
| 6 | Ghana | 31.256% | 2022 |
| 7 | Angola | 25.754% | 2021 |
| 8 | Lao PDR | 22.956% | 2022 |
| 9 | Ukraine | 20.184% | 2022 |
| 10 | Pakistan | 19.874% | 2022 |
| 11 | Nigeria | 18.847% | 2022 |
| 12 | Sao Tome and Principe | 18.006% | 2022 |
| 13 | Mongolia | 15.148% | 2022 |
| 14 | Kyrgyz Republic | 13.923% | 2022 |