Inflation rate in the Philippines
Annual inflation in the Philippines was 7.2% in September 2026: consumer prices compared with the same month a year earlier. The month before, it was 6.1%.
Inflation by month in the Philippines
Monthly figures: national statistics compiled by the Bank for International Settlements (consumer prices, change on a year earlier).
Inflation by year in the Philippines
| Year | Inflation |
|---|---|
| 2025 | 1.7% |
| 2024 | 3.2% |
| 2023 | 6.0% |
| 2022 | 5.8% |
| 2021 | 3.9% |
| 2020 | 2.4% |
| 2019 | 2.4% |
| 2018 | 5.3% |
| 2017 | 2.9% |
| 2016 | 1.3% |
| 2015 | 0.7% |
| 2014 | 3.6% |
| 2013 | 2.6% |
| 2012 | 3.0% |
| 2011 | 4.7% |
| 2010 | 3.8% |
| 2009 | 4.2% |
| 2008 | 8.3% |
| 2007 | 2.9% |
| 2006 | 5.5% |
| 2005 | 6.5% |
| 2004 | 4.8% |
| 2003 | 2.3% |
| 2002 | 2.7% |
| 2001 | 5.3% |
Yearly figures: World Bank, inflation, consumer prices (annual %).
The real interest rate is the central bank’s policy rate minus the latest inflation rate: a plain difference, not a forecast.
Frequently asked questions
What is the inflation rate in the Philippines?
Annual inflation in the Philippines was 7.2% in September 2026 (consumer prices compared with a year earlier).
What was the inflation rate in the Philippines in 2025?
Inflation in the Philippines was 1.7% in 2025 (World Bank, consumer prices, annual average).
What was the inflation rate in the Philippines in 2020?
Inflation in the Philippines was 2.4% in 2020 (World Bank, consumer prices, annual average).
What was the inflation rate in the Philippines in 2015?
Inflation in the Philippines was 0.7% in 2015 (World Bank, consumer prices, annual average).
What is the real interest rate in the Philippines?
The policy rate is 5.50% and inflation 7.2%, so the real interest rate is about -1.7%.
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