Inflation Philippines 2019
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in January at 4.4%. The lowest inflation was in September at 0.5%.
- Highest month
- January: 4.4%
- Lowest month
- September: 0.5%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 3.2%. The lowest price increase was in Food with an average of 1.7%.
- Highest increase
- Core inflation: 3.2%
- Lowest increase
- Food: 1.7%
Historical Context
Current inflation is around the 5-year average of 2.5%.
- 5-year average
- 2.5%
- 10-year average
- 2.9%
- All-time high (2018)
- 5.3%
- All-time low (2015)
- 0.7%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (-2.9 percentage point).
- Change vs. previous year
- -2.9 percentage points
- Largest monthly swing
- September: -6.5 percentage points
ECB Target
Inflation is 0.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 4.4% | +1.0 |
| February | 3.8% | 0.0 |
| March | 3.4% | -0.9 |
| April | 3.2% | -1.2 |
| May | 3.2% | -1.5 |
| June | 2.7% | -2.4 |
| July | 2.2% | -3.7 |
| August | 1.4% | -5.2 |
| September | 0.5% | -6.5 |
| October | 0.6% | -6.3 |
| November | 1.2% | -4.9 |
| December | 2.4% | -2.8 |
| Average | 2.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.