Annual inflation, consumer prices in Philippines

Philippines: Annual inflation, consumer prices was 3.2% in 2024. β–Ό Falling

Latest (2024)
3.2%
Change on year
down 46.3%
World rank
90th
of 187 countries
All-time high
8.3%
in 2008
All-time low
0.7%
in 2015
Years of data
25
2000–2024

Annual inflation, consumer prices in Philippines, 2000–2024

024682000201220242000: 4 %2001: 5.3 %2002: 2.7 %2003: 2.3 %2004: 4.8 %2005: 6.5 %2006: 5.5 %2007: 2.9 %2008: 8.3 %2009: 4.2 %2010: 3.8 %2011: 4.7 %2012: 3 %2013: 2.6 %2014: 3.6 %2015: 0.674 %2016: 1.3 %2017: 2.9 %2018: 5.3 %2019: 2.4 %2020: 2.4 %2021: 3.9 %2022: 5.8 %2023: 6 %2024: 3.2 %

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 90th of 187 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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 87 Dominican Republic 3.3% compare
  2. 88 Belize 3.3% compare
  3. 89 United Kingdom of Great Britain and Northern Ireland 3.3% compare
  4. 91 Mali 3.2% compare
  5. 92 Tonga 3.2% compare
  6. 93 Australia 3.2% compare

See the full ranking of 223 places β†’

More development goals data for Philippines

All data for Philippines β†’

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 90th out of 187 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.

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Annual inflation, consumer prices in Philippines. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 16 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/philippines/

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About this data

Indicator
Annual inflation, consumer prices (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed