Inflation Philippines 2018
Average inflation: 5.3%
Current Inflation
Inflation is very high at 5.3%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 7.0%. The lowest inflation was in January at 3.4%.
- Highest month
- September: 7.0%
- Lowest month
- January: 3.4%
- Difference
- 3.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.7%. The lowest price increase was in Core inflation with an average of 4.1%.
- Highest increase
- Food: 6.7%
- Lowest increase
- Core inflation: 4.1%
Historical Context
Current inflation is 2.5% higher than the 5-year average of 2.8%. This approaches the highest level since records began (5.3% in 2018).
- 5-year average
- 2.8%
- 10-year average
- 3%
- All-time high (2018)
- 5.3%
- All-time low (2015)
- 0.7%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by +2.4 percentage point.
- Change vs. previous year
- +2.4 percentage points
- Largest monthly swing
- September: +4.0 percentage points
ECB Target
Inflation is 3.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 3.4% | +0.9 |
| February | 3.8% | +0.7 |
| March | 4.3% | +1.2 |
| April | 4.4% | +1.2 |
| May | 4.7% | +1.8 |
| June | 5.1% | +2.6 |
| July | 5.9% | +3.5 |
| August | 6.6% | +4.0 |
| September | 7.0% | +4.0 |
| October | 6.9% | +3.8 |
| November | 6.1% | +3.1 |
| December | 5.2% | +2.3 |
| Average | 5.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.