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Philippines – Inflation Rate

Name: Philippines Inflation Rate
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Annual percentage change in consumer prices (CPI). Measures how fast the general price level is rising; negative values indicate deflation. · World Bank

3.21% −2.77pp from 2023 G20 rank: 96th · all-time high: 50.34% (1984)

APA

Philippines Inflation Rate. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/philippines/inflation-rate

BibTeX

@misc{historysaid_philippines_inflation-rate,
  title = {Philippines Inflation Rate},
  url = {https://historysaid.com/philippines/inflation-rate},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2030* IMF	3.20%	–	–
2029* IMF	3.27%	–	–
2028* IMF	3.00%	–	–
2027* IMF	2.84%	–	–
2026* IMF	2.55%	–	–
2025* IMF	1.61%	–	–
2024	3.21%	−2.77pp	96th
2023	5.98%	+0.16pp	95th
2022	5.82%	+1.89pp	54th
2021	3.93%	+1.53pp	102nd
2020	2.39%	+0.00pp	98th
2019	2.39%	−2.92pp	99th
2018	5.31%	+2.46pp	154th
2017	2.85%	+1.60pp	105th
2016	1.25%	+0.58pp	85th
2015	0.67%	−2.92pp	72nd
2014	3.60%	+1.02pp	123rd
2013	2.58%	−0.44pp	94th
2012	3.03%	−1.69pp	78th
2011	4.72%	+0.93pp	94th
2010	3.79%	−0.43pp	108th
2009	4.22%	−4.04pp	116th
2008	8.26%	+5.36pp	80th
2007	2.90%	−2.59pp	61st
2006	5.49%	−1.03pp	107th
2005	6.52%	+1.69pp	116th
2004	4.83%	+2.54pp	114th
2003	2.29%	−0.43pp	74th
2002	2.72%	−2.62pp	79th
2001	5.35%	+1.37pp	108th
2000	3.98%	−1.96pp	91st
1999	5.94%	−3.30pp	111th
1998	9.23%	+3.64pp	115th
1997	5.59%	−1.89pp	81st
1996	7.48%	+0.64pp	89th
1995	6.83%	−3.55pp	62nd
1994	10.39%	+3.67pp	77th
1993	6.72%	−1.93pp	73rd
1992	8.65%	−10.61pp	75th
1991	19.26%	+7.08pp	99th
1990	12.18%	−0.07pp	86th
1989	12.24%	−1.62pp	89th
1988	13.86%	+9.79pp	91st
1987	4.07%	+2.92pp	50th
1986	1.15%	−21.95pp	24th
1985	23.10%	−27.24pp	101st
1984	50.34%	+40.31pp	110th
1983	10.03%	−0.19pp	64th
1982	10.22%	−2.86pp	58th
1981	13.08%	−5.12pp	64th
1980	18.20%	+0.67pp	76th
1979	17.53%	+10.20pp	84th
1978	7.33%	−2.56pp	34th
1977	9.90%	+0.70pp	43rd
1976	9.20%	+2.44pp	46th
1975	6.76%	−27.40pp	13th
1974	34.16%	+17.58pp	91st
1973	16.58%	+8.38pp	82nd
1972	8.20%	−13.20pp	75th
1971	21.40%	+7.02pp	94th
1970	14.38%	+12.43pp	88th
1969	1.96%	−0.40pp	16th
1968	2.36%	−3.90pp	37th
1967	6.25%	+0.85pp	70th
1966	5.40%	+2.84pp	56th
1965	2.56%	−5.62pp	28th
1964	8.18%	+2.56pp	62nd
1963	5.63%	−0.17pp	52nd
1962	5.80%	+4.20pp	58th
1961	1.60%	−2.56pp	21st
1960	4.15%	–	49th

Show all years (1960–2024)

* IMF World Economic Outlook projection

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +11.5% GDP growth 6.9% C/A balance 2.7%

This pattern occurred 682 times in G20 history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Philippines matched the Export Boom Cycle pattern in 2012. Historically, 67% of countries showing this pattern (460 out of 682) saw inflation rate improve within 24 months. View full analysis →