Inflation Rate (CPI): Philippines
Philippines's inflation rate (cpi) is currently 2.6% as of 2026. # Philippines Inflation Rate (CPI) The Philippines recorded a 2.
Current (2026)
2.6%
+62.5% y/y
Peak (1984)
46.7%
Low (1986)
-0.3%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Philippines
1980 — 2026
Inflation Rate (CPI) — Philippines
Analysis# Philippines Inflation Rate (CPI)
The Philippines recorded a 2.6% inflation rate in 2026, reflecting a stabilized price environment after recent volatility. This figure sits far below the country's all-time peak of 46.7% in 1984, during a period of severe economic distress, and well above the deflationary low of -0.3% in 1986. Since 1980, inflation has declined 85.7 percentage points overall, marking a dramatic shift toward price stability across four decades.
Recent years reveal two distinct phases: a sharp spike from 2021 to 2023, when inflation climbed to 6.0% amid global supply chain disruptions, followed by a sharp deceleration in 2024-2025 that brought rates down to 1.6%. The 2026 projection of 2.6% suggests inflation is moderating toward a sustainable mid-range, indicating the central bank's efforts to anchor price expectations are gaining traction after the inflationary surge of the early 2020s.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 3.2% | -3.03% |
| 2029 | 3.3% | +10.00% |
| 2028 | 3.0% | +7.14% |
| 2027 | 2.8% | +7.69% |
| 2026 | 2.6% | +62.50% |
| 2025 | 1.6% | -50.00% |
| 2024 | 3.2% | -46.67% |
| 2023 | 6.0% | +3.45% |
| 2022 | 5.8% | +48.72% |
| 2021 | 3.9% | +62.50% |
| 2020 | 2.4% | +0.00% |
| 2019 | 2.4% | -54.72% |
| 2018 | 5.3% | +82.76% |
| 2017 | 2.9% | +141.67% |
| 2016 | 1.2% | +71.43% |
| 2015 | 0.7% | -80.56% |
| 2014 | 3.6% | +38.46% |
| 2013 | 2.6% | -18.75% |
| 2012 | 3.2% | -31.91% |
| 2011 | 4.7% | +27.03% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 3.7% | -11.90% |
| 2009 | 4.2% | -48.78% |
| 2008 | 8.2% | +182.76% |
| 2007 | 2.9% | -46.30% |
| 2006 | 5.4% | -18.18% |
| 2005 | 6.6% | +37.50% |
| 2004 | 4.8% | +118.18% |
| 2003 | 2.2% | -21.43% |
| 2002 | 2.8% | -48.15% |
| 2001 | 5.4% | -16.92% |
| 2000 | 6.5% | +4.84% |
| 1999 | 6.2% | -34.04% |
| 1998 | 9.4% | +67.86% |
| 1997 | 5.6% | -32.53% |
| 1996 | 8.3% | +20.29% |
| 1995 | 6.9% | -44.80% |
| 1994 | 12.5% | +83.82% |
| 1993 | 6.8% | -20.93% |
| 1992 | 8.6% | -55.67% |
| 1991 | 19.4% | +46.97% |
| 1990 | 13.2% | +15.79% |
| 1989 | 11.4% | -6.56% |
| 1988 | 12.2% | +306.67% |
| 1987 | 3.0% | +1100.00% |
| 1986 | -0.3% | -101.29% |
| 1985 | 23.2% | -50.32% |
| 1984 | 46.7% | +781.13% |
| 1983 | 5.3% | -41.11% |
| 1982 | 9.0% | -31.30% |
| 1981 | 13.1% | -28.02% |
| 1980 | 18.2% | — |
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