Inflation rates in the Philippines
The inflation rate for consumer prices in the Philippines moved over the past 61 years between 0.7% and 50.3%. For 2021, an inflation rate of 3.9% was calculated.During the observation period from 1960 to 2021, the average inflation rate was 8.5% per year. Overall, the price increase was 12,625.67%. An item that cost 100 pesos in 1960 costs 12,725.67 pesos at the beginning of 2022.
› Inflation rates in global comparison
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Performance over the last 61 years compared with the USA
In only a few countries is 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 increased by an average of 50.3%. In comparison to most other countries, the drastic price increases are no longer 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 provided with the original amount after inflation. Example: 1,000 pesos in 1960 corresponds to 127,256.73 pesos at the beginning of 2022 due to inflation.Inflation rates for consumer goods in the Philippines
Historical inflation rates in comparison
| Year | Philippines | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2021 | 3.93 % | 2.55 % | 4.70 % | 3.42 % |
| 2020 | 2.39 % | 0.50 % | 1.23 % | 1.92 % |
| 2019 | 2.39 % | 1.63 % | 1.81 % | 2.19 % |
| 2018 | 5.31 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 2.85 % | 1.43 % | 2.13 % | 2.19 % |
| 2016 | 1.25 % | 0.18 % | 1.26 % | 1.55 % |
| 2015 | 0.67 % | -0.06 % | 0.12 % | 1.43 % |
| 2014 | 3.60 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 2.58 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 3.03 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 4.72 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 3.79 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | 4.22 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 8.26 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 2.90 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 5.49 % | 2.67 % | 3.23 % | 4.28 % |
| 2005 | 6.52 % | 2.49 % | 3.39 % | 4.11 % |
| 2004 | 4.83 % | 2.29 % | 2.68 % | 3.38 % |
| 2003 | 2.29 % | 2.09 % | 2.27 % | 3.03 % |
| 2002 | 2.72 % | 2.42 % | 1.59 % | 2.83 % |
| 2001 | 5.35 % | 3.37 % | 2.83 % | 3.84 % |
| 2000 | 3.98 % | 3.15 % | 3.38 % | 3.49 % |
| 1999 | 5.94 % | 2.16 % | 2.19 % | 3.08 % |
| 1998 | 9.23 % | 2.42 % | 1.55 % | 5.11 % |
| 1997 | 5.59 % | 3.11 % | 2.34 % | 5.57 % |
| 1996 | 7.48 % | 3.56 % | 2.93 % | 6.55 % |
| 1995 | 6.83 % | 4.43 % | 2.81 % | 9.15 % |
| 1994 | 10.39 % | 4.72 % | 2.61 % | 10.32 % |
| 1993 | 6.72 % | 4.85 % | 2.95 % | 7.51 % |
| 1992 | 8.65 % | 6.22 % | 3.03 % | 7.71 % |
| 1991 | 19.26 % | 5.48 % | 4.23 % | 9.00 % |
| 1990 | 12.18 % | 6.15 % | 5.40 % | 8.13 % |
| 1989 | 12.24 % | 6.26 % | 4.83 % | 7.00 % |
| 1988 | 13.86 % | 4.54 % | 4.08 % | 7.15 % |
| 1987 | 4.07 % | 4.02 % | 3.66 % | 5.76 % |
| 1986 | 1.15 % | 3.68 % | 1.90 % | 5.82 % |
| 1985 | 23.10 % | 5.40 % | 3.55 % | 6.86 % |
| 1984 | 50.34 % | 7.67 % | 4.30 % | 8.12 % |
| 1983 | 10.03 % | 8.67 % | 3.21 % | 8.77 % |
| 1982 | 10.22 % | 9.58 % | 6.13 % | 10.24 % |
| 1981 | 13.08 % | 11.77 % | 10.33 % | 12.47 % |
| 1980 | 18.20 % | 12.91 % | 13.55 % | 13.98 % |
| 1979 | 17.53 % | 8.22 % | 11.25 % | n/a |
| 1978 | 7.33 % | 7.76 % | 7.63 % | n/a |
| 1977 | 9.90 % | 9.77 % | 6.50 % | n/a |
| 1976 | 9.20 % | 9.35 % | 5.74 % | n/a |
| 1975 | 6.76 % | 10.47 % | 9.14 % | n/a |
| 1974 | 34.16 % | 13.16 % | 11.05 % | n/a |
| 1973 | 16.58 % | 7.75 % | 6.18 % | n/a |
| 1972 | 8.20 % | 6.01 % | 3.27 % | n/a |
| 1971 | 21.40 % | 5.24 % | 4.29 % | n/a |
| 1970 | 14.38 % | 4.51 % | 5.84 % | n/a |
| 1969 | 1.96 % | 2.67 % | 5.46 % | n/a |
| 1968 | 2.36 % | 3.24 % | 4.27 % | n/a |
| 1967 | 6.25 % | 3.32 % | 2.77 % | n/a |
| 1966 | 5.40 % | 3.70 % | 3.02 % | n/a |
| 1965 | 2.56 % | 3.99 % | 1.59 % | n/a |
| 1964 | 8.18 % | 3.42 % | 1.28 % | n/a |
| 1963 | 5.63 % | 2.92 % | 1.24 % | n/a |
| 1962 | 5.80 % | 3.55 % | 1.20 % | n/a |
| 1961 | 1.60 % | 2.08 % | 1.07 % | n/a |
| 1960 | 4.15 % | 1.74 % | 1.46 % | n/a |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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