Philippines Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Philippines inflation rate for 2022 was 5.82%, a 1.89% increase from 2021.
  • Philippines inflation rate for 2021 was 3.93%, a 1.53% increase from 2020.
  • Philippines inflation rate for 2020 was 2.39%, a 0% increase from 2019.
  • Philippines inflation rate for 2019 was 2.39%, a 2.92% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 138.81%
Sri Lanka 49.72%
Ghana 31.26%
Moldova 28.74%
Lao PDR 22.96%
Ukraine 20.18%
Pakistan 19.87%
Nigeria 18.85%
Sao Tome and Principe 18.01%
Mongolia 15.15%
Kyrgyz Republic 13.92%
Egypt 13.90%
Georgia 11.90%
Kosovo 11.58%
Uzbekistan 11.45%
Zambia 10.99%
Nicaragua 10.47%
Mauritania 9.53%
Honduras 9.09%
Tunisia 8.31%
Lesotho 8.27%
Bangladesh 7.70%
Kenya 7.66%
El Salvador 7.20%
India 6.70%
Morocco 6.66%
Cameroon 6.25%
Philippines 5.82%
Bhutan 5.64%
Solomon Islands 5.52%
Micronesia 5.41%
Cambodia 5.34%
Djibouti 5.18%
Indonesia 4.21%
Vietnam 3.16%
Republic of Congo 3.04%
Bolivia 1.75%
Philippines Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 5.82% 1.89%
2021 3.93% 1.53%
2020 2.39% 0.00%
2019 2.39% -2.92%
2018 5.31% 2.46%
2017 2.85% 1.60%
2016 1.25% 0.58%
2015 0.67% -2.92%
2014 3.60% 1.02%
2013 2.58% -0.44%
2012 3.03% -1.69%
2011 4.72% 0.93%
2010 3.79% -0.43%
2009 4.22% -4.04%
2008 8.26% 5.36%
2007 2.90% -2.59%
2006 5.49% -1.03%
2005 6.52% 1.69%
2004 4.83% 2.54%
2003 2.29% -0.43%
2002 2.72% -2.62%
2001 5.35% 1.37%
2000 3.98% -1.96%
1999 5.94% -3.30%
1998 9.23% 3.64%
1997 5.59% -1.89%
1996 7.48% 0.64%
1995 6.83% -3.55%
1994 10.39% 3.67%
1993 6.72% -1.93%
1992 8.65% -10.61%
1991 19.26% 7.08%
1990 12.18% -0.07%
1989 12.24% -1.62%
1988 13.86% 9.79%
1987 4.07% 2.92%
1986 1.15% -21.96%
1985 23.10% -27.24%
1984 50.34% 40.31%
1983 10.03% -0.19%
1982 10.22% -2.86%
1981 13.08% -5.12%
1980 18.20% 0.67%
1979 17.53% 10.20%
1978 7.33% -2.56%
1977 9.90% 0.70%
1976 9.20% 2.44%
1975 6.76% -27.40%
1974 34.16% 17.58%
1973 16.58% 8.38%
1972 8.20% -13.20%
1971 21.40% 7.02%
1970 14.38% 12.43%
1969 1.96% -0.40%
1968 2.36% -3.90%
1967 6.25% 0.85%
1966 5.40% 2.84%
1965 2.56% -5.62%
1964 8.18% 2.56%
1963 5.63% -0.17%
1962 5.80% 4.20%
1961 1.60% -2.56%
1960 4.15% -2.56%