Inflation rates by country and year

0%12.6%25.2%37.8%50.3%
0%12.6%25.2%37.8%50.3%
19604.2%
19928.7%
20251.7%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate1.7%

Behind the curve

Turning points in Philippines

  1. 1974↑ Upward pressure

    The first oil shock — Wikipedia (opens in a new tab)

    The 1973 oil embargo and rising import costs drove Philippine inflation above 34% in 1974, one of the sharpest spikes of the decade.

    Bangko Sentral ng Pilipinas
  2. 1984↑ Upward pressure

    The Marcos-era debt crisis — Wikipedia (opens in a new tab)

    Ballooning foreign debt and a collapsing peso pushed Philippine inflation above 50% in 1984, amid capital flight and the worst recession of the Marcos years.

    Bangko Sentral ng Pilipinas
  3. 1991↑ Upward pressure

    The Gulf War oil shock and Mount Pinatubo — Wikipedia (opens in a new tab)

    The Gulf War oil-price spike, the June eruption of Mount Pinatubo and the resulting power crisis combined to push Philippine inflation to about 19% in 1991.

    Bangko Sentral ng Pilipinas
  4. 1998↑ Upward pressure

    The Asian financial crisis — Wikipedia (opens in a new tab)

    The peso's depreciation during the regional crisis raised import costs, and Philippine inflation climbed above 9% in 1998 amid drought and weaker output.

    Bangko Sentral ng Pilipinas
  5. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    Surging global rice and fuel prices hit the Philippines hard, lifting inflation above 8% in 2008 before the global financial crisis reversed commodity prices.

    Philippine Statistics Authority · Consumer Price Index
  6. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher energy, food and transport costs after the pandemic pushed Philippine inflation toward 6% in 2022, prompting the central bank to tighten policy.

    Bangko Sentral ng Pilipinas

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Philippines?

The annual inflation rate in Philippines was 1.7% in 2025, the most recent year in the World Bank dataset. That means prices rose 1.7% on average compared with the year before. Use the chart above to explore Philippines's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Philippines has changed

Inflation in Philippines peaked at 50.3% in 1984 and reached its lowest point at 0.7% in 2015. Averaged across the 66 years of available data (1960–2025), the rate has been 8.1% per year.

Frequently asked questions about inflation in Philippines

What is the current inflation rate in Philippines?

The latest available annual figure is 1.7% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Philippines's statistical office.

What was the highest inflation rate in Philippines?

The highest annual inflation rate on record is 50.3%, reached in 1984.

What was the lowest inflation rate in Philippines?

The lowest annual inflation rate on record is 0.7%, recorded in 2015.

Where does the inflation data for Philippines come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.