Philippines Inflation Rate — 2026 CPI Data, Trend & Outlook
The Philippines' inflation rate was 1.66% in December 2025, down from 3.21% the previous year. A year earlier it stood at 3.21%.
The Philippines' inflation rate stands at 1.66% as of December 2025. Over the latest readings, the inflation rate has moved within a band of 0.67% to 50.34%. The most recent figure of 1.66% is down from 3.21% a year earlier, and is 1.55% lower than a year ago.
The trend
Among the 193 economies tracked on this platform, Philippines ranks #140 on inflation rate by latest value. It fell from 3.21% in the previous year, and compares with a year-earlier 3.21%.
What's driving it
Inflation is shaped by energy and food prices, the exchange rate, wage growth and the stance of monetary policy; central banks lift interest rates to cool it and ease when it falls back toward target.
Recent readings
| Period | Inflation rate |
|---|---|
| Dec 2025 | 1.66% |
| Dec 2024 | 3.21% |
| Dec 2023 | 5.98% |
| Dec 2022 | 5.82% |
| Dec 2021 | 3.93% |
| Dec 2020 | 2.39% |
| Dec 2019 | 2.39% |
| Dec 2018 | 5.31% |
Data: The World Bank — World Development Indicators (CC BY 4.0) Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Inflation Rate in the Philippines Right Now (2026)?
The Philippines' inflation rate was 1.66% in December 2025, down from 3.21% the previous year. A year earlier it stood at 3.21%.
Is the inflation rate rising or falling in the Philippines?
It fell in the latest reading — 1.66% in December 2025 versus 3.21% a year earlier. Year on year it is lower.
What is inflation rate?
It measures how fast consumer prices are rising, measured by the consumer price index (CPI).