Philippines inflation rate for 2023 was 5.98%, a 0.16% increase from 2022.
Philippines inflation rate for 2022 was 5.82%, a 1.89% increase from 2021.
Philippines inflation rate for 2021 was 3.93%, a 1.53% increase from 2020.
Philippines inflation rate for 2020 was 2.39%, a 0% increase from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
