Annual inflation, consumer prices in Philippines
Philippines: Annual inflation, consumer prices was 3.2% in 2024. ▼ Falling
Annual inflation, consumer prices in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual inflation, consumer prices in Philippines is 3.2%, measured in 2024.
That represents a change of down 46.3% on the previous year and down 10.7% over ten years.
Over the whole period, annual inflation, consumer prices in Philippines peaked at 8.3% in 2008 and was at its lowest, 0.7%, in 2015.
Philippines ranks 99th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Annual inflation, consumer prices in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.0% | — |
| 2001 | 5.3% | +34.4% |
| 2002 | 2.7% | -49.1% |
| 2003 | 2.3% | -15.9% |
| 2004 | 4.8% | +111.0% |
| 2005 | 6.5% | +34.9% |
| 2006 | 5.5% | -15.8% |
| 2007 | 2.9% | -47.1% |
| 2008 | 8.3% | +184.8% |
| 2009 | 4.2% | -48.9% |
| 2010 | 3.8% | -10.2% |
| 2011 | 4.7% | +24.5% |
| 2012 | 3.0% | -35.8% |
| 2013 | 2.6% | -14.7% |
| 2014 | 3.6% | +39.3% |
| 2015 | 0.7% | -81.3% |
| 2016 | 1.3% | +86.0% |
| 2017 | 2.9% | +127.6% |
| 2018 | 5.3% | +86.1% |
| 2019 | 2.4% | -54.9% |
| 2020 | 2.4% | +0.0% |
| 2021 | 3.9% | +64.1% |
| 2022 | 5.8% | +48.2% |
| 2023 | 6.0% | +2.7% |
| 2024 | 3.2% | -46.3% |
Philippines compared with similar countries
- Philippines's 3.2% is above the median for upper middle income countries, which is 3.1%, 1.1× the median. (52 countries reporting)
- Philippines's 3.2% is above the median for East Asia & Pacific, which is 2.4%, 1.3× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.7% | 2.3% | 8.3% | 10 |
| 2010s | 3.0% | 0.7% | 5.3% | 10 |
| 2020s | 4.3% | 2.4% | 6.0% | 5 |
Countries ranked near Philippines
More development goals data for Philippines
- Red List Index 0.8085 index (2025)
- Number of refugees per 100,000 population, by country of origin 0.6208 per 100,000 people (2025)
- Manufacturing value added per capita 686.82 constant US$ (2025)
- Number of transboundary breeds 73 (2025)
- Number of transboundary breeds (not extinct) 73 (2025)
- Number of transboundary breeds with unknown risk status 73 (2025)
- Number of local breeds with unknown risk status 38 (2025)
- Number of local breeds (not extinct) 54 (2025)
- Number of local breeds kept in the country 58 (2025)
- Infant deaths 39,731 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Philippines?
- Annual inflation, consumer prices in Philippines was 3.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Philippines?
- The highest recorded value was 8.3% in 2008.
- What is the lowest annual inflation, consumer prices recorded in Philippines?
- The lowest recorded value was 0.7% in 2015.
- How does Philippines rank for annual inflation, consumer prices?
- Philippines ranks 99th out of 203 countries with data for 2024.
- Is annual inflation, consumer prices rising or falling in Philippines?
- Over the last ten years it is down 10.7%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).