Development of inflation rates in the Philippines
The inflation rate in the Philippines moved over the past years between 1.1% and 50.3%. For 2016, an inflation rate of 1.8% was calculated.
During the observation period from 1980 to 2016, the average inflation rate was 8.8%
per year. Overall, the price increase was 1,792.74 %. An item that cost 100 Peso in 1979 was 2016 so charged 1,892.74 Peso.
In only a very few countries, the price increase is that high. The rate of 50.3% in 1984 means, that compared to the previous year all prices have been increased by an average of 50.3%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Philippines