Development of inflation rates in the Philippines
The inflation rate for consumer prices in the Philippines moved over the past 40 years between 0.7% and 50.3%. For 2019, an inflation rate of 2.5% was calculated.
During the observation period from 1979 to 2019, the average inflation rate was 8.6%
per year. Overall, the price increase was 2,312.82 %. An item that cost 100 Peso in 1979 was so charged 2,412.82 Peso in the beginning of 2020.
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