Inflation Philippines 2020
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in December at 3.3%. The lowest inflation was in May at 1.6%.
- Highest month
- December: 3.3%
- Lowest month
- May: 1.6%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 2.9%. The lowest price increase was in Energy with an average of 0.7%.
- Highest increase
- Food: 2.9%
- Lowest increase
- Energy: 0.7%
Historical Context
Current inflation is around the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 2.9%
- All-time high (2018)
- 5.3%
- All-time low (2015)
- 0.7%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- November: +1.8 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 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 3.0% | -1.4 |
| February | 2.5% | -1.3 |
| March | 2.2% | -1.2 |
| April | 1.8% | -1.4 |
| May | 1.6% | -1.6 |
| June | 2.3% | -0.4 |
| July | 2.4% | +0.2 |
| August | 2.2% | +0.8 |
| September | 2.2% | +1.7 |
| October | 2.3% | +1.7 |
| November | 3.0% | +1.8 |
| December | 3.3% | +0.9 |
| Average | 2.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.