Philippines Core CPI Change

1995 - 2023 | Monthly | % | CEIC Data

Key information about Philippines Core CPI Change

  • Philippines Core CPI Change was reported at 7.720 % in May 2023.
  • This records a decrease from the previous number of 7.932 % for Apr 2023.
  • Philippines Core CPI Change data is updated monthly, averaging 3.878 % from Jan 1995 to May 2023, with 341 observations.
  • The data reached an all-time high of 11.401 % in Sep 1998 and a record low of 0.472 % in Sep 2015.
  • Philippines Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly: Asia.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. Philippine Statistics Authority provides Core Consumer Price Index with base 2018=100. Core Consumer Price Index excludes rice, corn, meat (fresh, chilled or frozen), fruit (fresh), vegetables (cultivated for their roots and fruits, fresh or dried), natural gas (liquefied or in a gaseous state) and gas oils for motor vehicles. Core Consumer Price Index Growth prior to January 2019 is calculated from Core Consumer Price Index with base 2012=100.

View Philippines's Core CPI Change from Jan 1995 to May 2023 in the chart:

Philippines Core CPI Change

What was Philippines's Core CPI Change in May 2023?

Philippines Core CPI Change was reported at 7.720 % in May 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.720 May 2023 7.932 Apr 2023 0.472 Sep 2015 11.401 Sep 1998 % monthly Jan 1995 - May 2023

Core CPI Change by Country Comparison

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Includes Core CPI Change on 80 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Argentina (%) 275.882 Jan 2024 monthly Dec 2017 - Jan 2024
Armenia (%) 0.500 Jan 2024 monthly Jan 2006 - Jan 2024
Australia (%) 4.125 Dec 2023 quarterly Dec 1987 - Dec 2023
Austria (%) 5.372 Jan 2024 monthly Jan 1997 - Jan 2024
Belarus (%) 3.969 Jan 2024 monthly Dec 2006 - Jan 2024
Belgium (%) 4.995 Jan 2024 monthly Jan 1997 - Jan 2024
Brazil (%) 5.060 Jan 2024 monthly Jun 1995 - Jan 2024
Bulgaria (%) 4.717 Jan 2024 monthly Dec 1997 - Jan 2024
Cambodia (%) 2.430 Dec 2023 monthly Mar 2014 - Dec 2023
Canada (%) 2.527 Jan 2024 monthly Jan 1985 - Jan 2024
Chile (%) 3.045 Jan 2024 monthly Jan 2010 - Jan 2024
China (%) 0.400 Jan 2024 monthly Jan 2006 - Jan 2024
Colombia (%) 8.005 Jan 2024 monthly Jan 2000 - Jan 2024
Croatia (%) 15.037 Dec 2022 monthly Jan 2001 - Dec 2022
Cyprus (%) 2.567 Jan 2024 monthly Jan 1997 - Jan 2024
Czech Republic (%) 3.409 Jan 2024 monthly Jan 1997 - Jan 2024
Denmark (%) 2.473 Jan 2024 monthly Jan 2001 - Jan 2024
Egypt (%) 29.010 Jan 2024 monthly Jan 2005 - Jan 2024
Estonia (%) 5.156 Jan 2024 monthly Jan 1997 - Jan 2024
European Union (%) 7.819 May 2023 monthly Jan 1997 - May 2023
Finland (%) 2.952 Jan 2024 monthly Jan 1997 - Jan 2024
France (%) 3.509 Jan 2024 monthly Jan 1997 - Jan 2024
Georgia (%) 2.599 Feb 2024 monthly Jan 2010 - Feb 2024
Germany (%) 3.388 Jan 2024 monthly Jan 2006 - Jan 2024
Ghana (%) 47.200 Dec 2022 monthly Aug 2019 - Dec 2022
Greece (%) 3.534 Jan 2024 monthly Jan 1996 - Jan 2024
Hungary (%) 6.076 Jan 2024 monthly Jan 1996 - Jan 2024
Iceland (%) 6.774 Feb 2024 monthly Mar 1998 - Feb 2024
India (%) 3.594 Jan 2024 monthly Jan 2012 - Jan 2024
Indonesia (%) 1.682 Feb 2024 monthly Jan 2009 - Feb 2024
Ireland (%) 3.832 Jan 2024 monthly Jan 1997 - Jan 2024
Israel (%) 1.854 Jan 2024 monthly Jan 1993 - Jan 2024
Italy (%) 2.981 Jan 2024 monthly Jan 1997 - Jan 2024
Japan (%) 3.512 Jan 2024 monthly Jan 2001 - Jan 2024
Kazakhstan (%) 9.100 Jan 2024 monthly Jan 2003 - Jan 2024
South Korea (%) 3.053 Dec 2023 monthly Jan 1976 - Dec 2023
Kuwait (%) 2.953 Dec 2023 monthly May 2017 - Dec 2023
Kyrgyzstan (%) 12.219 May 2023 monthly Jan 2010 - May 2023
Laos (%) 32.591 Dec 2022 monthly Dec 2011 - Dec 2022
Latvia (%) 3.542 Jan 2024 monthly Jan 1997 - Jan 2024
Lithuania (%) 3.783 Jan 2024 monthly Jan 2001 - Jan 2024
Luxembourg (%) 4.142 Jan 2024 monthly Jan 1997 - Jan 2024
North Macedonia (%) 6.500 Jan 2024 monthly Aug 2014 - Jan 2024
Malaysia (%) 1.801 Jan 2024 monthly Jan 2016 - Jan 2024
Malta (%) 3.433 Jan 2024 monthly Jan 1997 - Jan 2024
Mauritius (%) 7.000 Jun 2023 monthly Jun 2004 - Jun 2023
Mexico (%) 5.088 Dec 2023 monthly Jan 1983 - Dec 2023
Moldova (%) 4.709 Jan 2024 monthly Dec 2010 - Jan 2024
Mongolia (%) 17.102 Jun 2022 monthly Jan 2016 - Jun 2022
Montenegro (%) 10.717 Dec 2022 monthly Jan 2011 - Dec 2022
Morocco (%) 1.115 2018 yearly 2004 - 2018
Netherlands (%) 3.517 Jan 2024 monthly Jan 1997 - Jan 2024
New Zealand (%) 4.417 Dec 2023 quarterly Jun 2000 - Dec 2023
Nigeria (%) 23.062 Dec 2023 monthly Jan 1996 - Dec 2023
Norway (%) 5.281 Jan 2024 monthly Jan 1996 - Jan 2024
Pakistan (%) 15.500 Feb 2024 monthly Sep 2010 - Feb 2024
Paraguay (%) 4.735 Jan 2024 monthly Dec 1993 - Jan 2024
Peru (%) 4.240 Jan 2024 monthly Dec 1991 - Jan 2024
Philippines (%) 7.720 May 2023 monthly Jan 1995 - May 2023
Poland (%) 7.300 Nov 2023 monthly Jan 1998 - Nov 2023
Portugal (%) 2.855 Nov 2023 monthly Jan 1949 - Nov 2023
Romania (%) 8.333 Jan 2024 monthly Jan 1997 - Jan 2024
Russia (%) 7.150 Jan 2024 monthly Jan 2003 - Jan 2024
Serbia (%) 6.100 Jan 2024 monthly Jan 2007 - Jan 2024
Singapore (%) 3.100 Jan 2024 monthly Jan 1990 - Jan 2024
Slovakia (%) 5.486 Jan 2024 monthly Jan 1997 - Jan 2024
Slovenia (%) 5.200 Dec 2023 monthly Jan 2001 - Dec 2023
South Africa (%) 4.567 Jan 2024 monthly Jan 2009 - Jan 2024
Spain (%) 3.818 Dec 2023 monthly Jan 2003 - Dec 2023
Sri Lanka (%) 31.793 Apr 2023 monthly Jan 2015 - Apr 2023
Sweden (%) 4.726 Jan 2024 monthly Jan 1997 - Jan 2024
Switzerland (%) 1.084 Feb 2024 monthly May 1994 - Feb 2024
Taiwan (%) 2.431 Dec 2023 monthly Jan 1982 - Dec 2023
Thailand (%) 1.548 May 2023 monthly Dec 1985 - May 2023
Turkey (%) 70.312 Feb 2024 monthly Jan 2004 - Feb 2024
Ukraine (%) 4.600 Jan 2024 monthly Dec 2008 - Jan 2024
United Kingdom (%) 5.532 Jan 2024 monthly Jan 1989 - Jan 2024
United States (%) 3.875 Jan 2024 monthly Jan 1958 - Jan 2024
Venezuela (%) 60.337 Dec 2013 monthly Dec 2008 - Dec 2013
Vietnam (%) 2.956 Feb 2024 monthly Jan 2015 - Feb 2024

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Philippines Key Series

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Includes 254 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 Dec 2023 quarterly Dec 1985 - Dec 2023
Consolidated Fiscal Balance (USD mn) -7,213.035 Dec 2023 monthly Jan 1985 - Dec 2023
Tax Revenue (USD mn) 4,436.701 Dec 2023 monthly Jan 1985 - Dec 2023
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 262,539.9 Jan 2024 monthly Jan 1993 - Jan 2024
Government Debt: % of GDP (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,013.4 Dec 2023 monthly Jan 1957 - Dec 2023
Total Exports (USD mn) 5,779.0 Dec 2023 monthly Jan 1979 - Dec 2023
Total Exports Growth (%) -0.5 Dec 2023 monthly Jan 1980 - Dec 2023
Aluminum: Exports (USD th) 178,900.107 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 9,792.4 Dec 2023 monthly Jan 1979 - Dec 2023
Total Imports Growth (%) -5.1 Dec 2023 monthly Jan 1980 - Dec 2023
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 904.778 Dec 2023 monthly Jan 1978 - Dec 2023
Total Imports from USA (USD mn) 748.887 Dec 2023 monthly Jan 1986 - Dec 2023
Total Exports to China (USD mn) 703.886 Dec 2023 monthly Jan 1984 - Dec 2023
Total Imports from China (USD mn) 2,276.721 Dec 2023 monthly Jan 1986 - Dec 2023
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 177.8 Sep 2023 monthly Jan 2005 - Sep 2023
Current Account Balance (USD mn) -601.3 Sep 2023 monthly Jan 1999 - Sep 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 1,048.1 Nov 2023 monthly Jan 2005 - Nov 2023
Foreign Direct Investment: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment (USD mn) -1,576.162 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -1.5 Sep 2023 quarterly Dec 1980 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -197.7 Sep 2023 quarterly Mar 1996 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,378.485 Sep 2023 quarterly Mar 1977 - Sep 2023
External Debt (USD mn) 118,833.2 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: % of GDP (%) 27.5 2022 yearly 1990 - 2022
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 4.1 2022 yearly 2005 - 2022
Forecast: Current Account Balance (USD bn) -7.439 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -49,982.096 Sep 2023 quarterly Dec 2012 - Sep 2023
BoP: Change in Reserve Assets: Debit (USD mn) -397.936 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -16.679 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -808.117 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 1,048.130 Nov 2023 monthly Jan 2005 - Nov 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 177.787 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -450.073 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income (USD mn) 457.461 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 226.005 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services: Credit: Export (USD mn) 4,058.260 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -56.669 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Credit: Receipts (USD mn) 7.399 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Financial Account (FA) (USD mn) -1,363.077 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Credit: Export (USD mn) 5,077.753 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods (USD mn) -5,160.355 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Debit: Import (USD mn) 10,238.108 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 83.597 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income (USD mn) 2,686.937 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Capital Account (CA) (USD mn) 6.796 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Debit: Payments (USD mn) 0.603 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services: Debit: Import (USD mn) 2,643.641 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) -1,137.071 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,236.205 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Import (USD mn) 13,875.885 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -39.989 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services (USD mn) 1,414.618 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Export (USD mn) 13,274.546 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,392.319 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Direct Investment (DI) (USD mn) -244.322 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Current Account (CA) (USD mn) -601.339 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Portfolio Investment (PI) (USD mn) 942.246 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Other Investments (OI) (USD mn) -2,044.322 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,368.000 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,770.534 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 910.539 Sep 2023 monthly Jan 2005 - Sep 2023
External Debt: By Country Profile: Country: USA (USD mn) 3,154.847 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: Medium and Long Term (USD mn) 101,675.382 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Japan (USD mn) 14,804.858 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,065.389 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: France (USD mn) 1,202.896 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,303.955 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Approved: Real Estate Activities (PHP mn) 3,011.207 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Manufacturing (PHP mn) 48,958.266 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Information & Communication (PHP mn) 264.464 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Transportation & Storage (PHP mn) 212.208 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Administrative & Support Services (PHP mn) 5,704.132 Dec 2023 quarterly Mar 2010 - Dec 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.2 Dec 2023 monthly Mar 2008 - Dec 2023
Household Debt: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 119,056.454 Nov 2023 monthly Dec 1988 - Nov 2023
Money Supply M2 (USD mn) 303,753.066 Dec 2023 monthly Dec 1988 - Dec 2023
M2 Growth (%) 7.3 Nov 2023 monthly Dec 1989 - Nov 2023
Reserve Requirement Ratio (%) 9.5 Jan 2024 monthly May 1986 - Jan 2024
Foreign Exchange Reserves (USD mn) 88,440.8 Jan 2024 monthly Jan 1960 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Dec 2023 monthly Jan 1979 - Dec 2023
Gold Reserves (USD mn) 10,299.128 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 342,355.203 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 323,672.0 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 9.6 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 42,353.4 Jun 2023 quarterly Mar 2009 - Jun 2023
Total Loans (USD mn) 228,908.695 Dec 2023 monthly Mar 2008 - Dec 2023
Total Loans Growth (%) 7.75 Dec 2023 monthly Mar 2009 - Dec 2023
Private Debt: % of Nominal GDP (%) 48.11 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3 (PHP mn) 16,761,935.835 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,273,779.834 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,587,155.485 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: Domestic Claims (DC) (PHP mn) 17,908,125.383 Nov 2023 monthly Dec 2001 - Nov 2023
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Jan 2024 monthly May 1986 - Jan 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,344.770 Jun 2023 quarterly Mar 2009 - Jun 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 12.1 Dec 2023 quarterly Jun 2002 - Dec 2023
Business Outlook: Index: Industry: Current Quarter (Point) 33.185 Dec 2023 quarterly Jun 2001 - Dec 2023
Business Outlook: Index: Services: Current Quarter (Point) 35.462 Dec 2023 quarterly Jun 2001 - Dec 2023
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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