Development of inflation rates in the Philippines
The inflation rate for consumer prices in the Philippines moved over the past 60 years between 0.7% and 50.3%. For 2020, an inflation rate of 2.6% was calculated.During the observation period from 1960 to 2020, the average inflation rate was 8.6% per year. Overall, the price increase was 12,172.92 %. An item that cost 100 Peso in 1960 was so charged 12,272.92 Peso in the beginning of 2021.
› Inflation rates in global comparison
Back to overview: Philippines
Performance over the last 60 years compared to the US
In only a very few countries, the price increase is that high. The Consumer Price Index (CPI) 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.Performance based on 100% in 1959:
Inflation calculator for the Philippines
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Peso in 1960 corresponds to an amount of 122,729.18 Peso at the beginning of 2021 due to inflation.Development of inflation rates for consumer goods in the Philippines
Historical inflation rates in comparison
| Year | Philippines | Ø USA | Ø World |
|---|---|---|---|
| 2020 | 2.64 % | 1.23 % | 1.91 % |
| 2019 | 2.48 % | 1.81 % | 2.21 % |
| 2018 | 5.21 % | 2.44 % | 2.44 % |
| 2017 | 2.85 % | 2.13 % | 2.19 % |
| 2016 | 1.25 % | 1.26 % | 1.55 % |
| 2015 | 0.67 % | 0.12 % | 1.43 % |
| 2014 | 3.60 % | 1.62 % | 2.35 % |
| 2013 | 2.58 % | 1.46 % | 2.62 % |
| 2012 | 3.03 % | 2.07 % | 3.73 % |
| 2011 | 4.72 % | 3.16 % | 4.82 % |
| 2010 | 3.79 % | 1.64 % | 3.35 % |
| 2009 | 4.22 % | -0.36 % | 2.94 % |
| 2008 | 8.26 % | 3.84 % | 8.95 % |
| 2007 | 2.90 % | 2.85 % | 4.82 % |
| 2006 | 5.49 % | 3.23 % | 4.28 % |
| 2005 | 6.52 % | 3.39 % | 4.11 % |
| 2004 | 4.83 % | 2.68 % | 3.38 % |
| 2003 | 2.29 % | 2.27 % | 3.03 % |
| 2002 | 2.72 % | 1.59 % | 2.83 % |
| 2001 | 5.35 % | 2.83 % | 3.84 % |
| 2000 | 3.98 % | 3.38 % | 3.49 % |
| 1999 | 5.94 % | 2.19 % | 3.08 % |
| 1998 | 9.23 % | 1.55 % | 5.11 % |
| 1997 | 5.59 % | 2.34 % | 5.57 % |
| 1996 | 7.48 % | 2.93 % | 6.55 % |
| 1995 | 6.83 % | 2.81 % | 9.15 % |
| 1994 | 10.39 % | 2.61 % | 10.32 % |
| 1993 | 6.72 % | 2.95 % | 7.51 % |
| 1992 | 8.65 % | 3.03 % | 7.71 % |
| 1991 | 19.26 % | 4.23 % | 9.00 % |
| 1990 | 12.18 % | 5.40 % | 8.13 % |
| 1989 | 12.24 % | 4.83 % | 7.00 % |
| 1988 | 13.86 % | 4.08 % | 7.15 % |
| 1987 | 4.07 % | 3.66 % | 5.76 % |
| 1986 | 1.15 % | 1.90 % | 5.82 % |
| 1985 | 23.10 % | 3.55 % | 6.86 % |
| 1984 | 50.34 % | 4.30 % | 8.12 % |
| 1983 | 10.03 % | 3.21 % | 8.77 % |
| 1982 | 10.22 % | 6.13 % | 10.24 % |
| 1981 | 13.08 % | 10.33 % | 12.47 % |
| 1980 | 18.20 % | 13.55 % | 13.98 % |
| 1979 | 17.53 % | 11.25 % | n/a |
| 1978 | 7.33 % | 7.63 % | n/a |
| 1977 | 9.90 % | 6.50 % | n/a |
| 1976 | 9.20 % | 5.74 % | n/a |
| 1975 | 6.76 % | 9.14 % | n/a |
| 1974 | 34.16 % | 11.05 % | n/a |
| 1973 | 16.58 % | 6.18 % | n/a |
| 1972 | 8.20 % | 3.27 % | n/a |
| 1971 | 21.40 % | 4.29 % | n/a |
| 1970 | 14.38 % | 5.84 % | n/a |
| 1969 | 1.96 % | 5.46 % | n/a |
| 1968 | 2.36 % | 4.27 % | n/a |
| 1967 | 6.25 % | 2.77 % | n/a |
| 1966 | 5.40 % | 3.02 % | n/a |
| 1965 | 2.56 % | 1.59 % | n/a |
| 1964 | 8.18 % | 1.28 % | n/a |
| 1963 | 5.63 % | 1.24 % | n/a |
| 1962 | 5.80 % | 1.20 % | n/a |
| 1961 | 1.60 % | 1.07 % | n/a |
| 1960 | 4.15 % | 1.46 % | n/a |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
The 50 largest economies in the world
Country comparison Philippines : United States
Spread of the Corona virus Covid19 (SARS-CoV-2)