Philippine inflation rate
Philippines inflation summary for December 2024
Updated: January 7, 2025
Next update: February 5, 2025
Current Philippines inflation rate
December 2024
2.9%
The Consumer Price Index for Philippines is 127.7 for the month of December 2024. The inflation rate year over year is 2.9% (compared to 2.5% for the previous month). Inflation from November 2024 to December 2024 was 0.6%.
Previous Philippines Inflation Rate
November 2024 to December 2024
0.6%
Month-to-Month Philippines Inflation Rate
November 2024
2.5%
Recent inflation rates for Philippines
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.8% | 3.4% | 3.7% | 3.8% | 3.9% | 3.7% | 4.4% | 3.3% | 1.9% | 2.3% | 2.5% | 2.9% | 3.2% |
| 2023 | 8.7% | 8.6% | 7.6% | 6.6% | 6.1% | 5.4% | 4.7% | 5.3% | 6.1% | 4.9% | 4.1% | 3.9% | 6.0% |
| 2022 | 3.0% | 3.0% | 4.0% | 4.9% | 5.4% | 6.1% | 6.4% | 6.3% | 6.9% | 7.7% | 8.0% | 8.1% | 5.8% |
| 2021 | 3.7% | 4.2% | 4.1% | 4.1% | 4.1% | 3.7% | 3.7% | 4.4% | 4.2% | 4.0% | 3.7% | 3.1% | 3.9% |
| 2020 | 3.0% | 2.5% | 2.2% | 1.8% | 1.6% | 2.3% | 2.4% | 2.2% | 2.2% | 2.3% | 3.0% | 3.3% | 2.4% |
Additional resources
All inflation rates are calculated using the Philippines Consumer Price Index (CPI) series.