Philippines Forecast: Consumer Price Index Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about Philippines Consumer Price Index Growth Forecast

  • Philippines Consumer Price Index Growth is forecasted to be 3.239 % in Dec 2024 as reported by International Monetary Fund
  • It records remained the same from the last reported number of 6.337 % in Dec 2023
  • Looking ahead, Philippines Consumer Price Index Growth is projected to stand at 3.000 % in Dec 2028
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Consumer Price Index: Average Consumer Price: YoY

View Philippines's Forecast: Consumer Price Index Growth from 1980 to 2028 in the chart:

Philippines Forecast: Consumer Price Index Growth

What is Philippines's Forecast: Consumer Price Index Growth in 2028?

Philippines Consumer Price Index Growth is forecasted to be 3.239 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.000 2028 3.000 2027 -0.325 1986 46.673 1984 % yearly 1980 - 2028

Forecast: Consumer Price Index Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) -4.263 2024 yearly 2003 - 2024
Albania (%) 3.024 2028 yearly 1990 - 2028
Algeria (%) 5.032 2028 yearly 1980 - 2028
Andorra (%) 1.700 2030 yearly 2002 - 2030
Angola (%) 8.890 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.018 2028 yearly 1980 - 2028
Argentina (%) 32.469 2028 yearly 1998 - 2028
Armenia (%) 4.017 2028 yearly 1993 - 2028
Aruba (%) 2.289 2030 yearly 1987 - 2030
Australia (%) 2.574 2028 yearly 1980 - 2028
Austria (%) 2.067 2030 yearly 1980 - 2030
Azerbaijan (%) 4.000 2028 yearly 1993 - 2028
Bahamas (%) 1.982 2028 yearly 1980 - 2028
Bahrain (%) 2.003 2028 yearly 1980 - 2028
Bangladesh (%) 5.500 2028 yearly 1980 - 2028
Barbados (%) 2.427 2028 yearly 1980 - 2028
Belarus (%) 5.020 2028 yearly 1993 - 2028
Belgium (%) 1.970 2028 yearly 1980 - 2028
Belize (%) 1.207 2028 yearly 1980 - 2028
Benin (%) 2.000 2028 yearly 1980 - 2028
Bhutan (%) 3.960 2028 yearly 1980 - 2028
Bolivia (%) 3.500 2028 yearly 1980 - 2028
Bosnia and Herzegovina (%) 2.021 2028 yearly 1997 - 2028
Botswana (%) 4.500 2028 yearly 1980 - 2028
Brazil (%) 2.965 2028 yearly 1980 - 2028
Brunei (%) 1.000 2028 yearly 1982 - 2028
Bulgaria (%) 2.000 2028 yearly 1981 - 2028
Burkina Faso (%) 2.000 2028 yearly 1980 - 2028
Burundi (%) 7.000 2028 yearly 1980 - 2028
Cambodia (%) 3.000 2028 yearly 1987 - 2028
Cameroon (%) 2.000 2028 yearly 1980 - 2028
Canada (%) 1.968 2028 yearly 1980 - 2028
Cape Verde (%) 2.000 2028 yearly 1980 - 2028
Central African Republic (%) 2.535 2028 yearly 1980 - 2028
Chad (%) 2.968 2028 yearly 1980 - 2028
Chile (%) 3.041 2028 yearly 1980 - 2028
China (%) 2.200 2028 yearly 1981 - 2028
Colombia (%) 2.960 2028 yearly 1980 - 2028
Comoros (%) 1.967 2028 yearly 1980 - 2028
Congo (%) 3.000 2028 yearly 1980 - 2028
Costa Rica (%) 3.000 2028 yearly 1980 - 2028
Croatia (%) 2.079 2028 yearly 1993 - 2028
Cyprus (%) 2.000 2028 yearly 1980 - 2028
Czech Republic (%) 2.000 2028 yearly 1996 - 2028
Democratic Republic of Congo (%) 6.000 2028 yearly 1980 - 2028
Denmark (%) 2.000 2028 yearly 1980 - 2028
Djibouti (%) 2.500 2028 yearly 1992 - 2028
Dominica (%) 2.000 2028 yearly 1980 - 2028
Dominican Republic (%) 4.033 2028 yearly 1980 - 2028
Ecuador (%) 1.543 2028 yearly 1980 - 2028
Egypt (%) 5.259 2030 yearly 1980 - 2030
El Salvador (%) 1.700 2028 yearly 1980 - 2028
Equatorial Guinea (%) 3.000 2028 yearly 1981 - 2028
Eritrea (%) 4.370 2028 yearly 1993 - 2028
Estonia (%) 2.500 2028 yearly 1994 - 2028
Swaziland (%) 4.406 2028 yearly 1980 - 2028
Ethiopia (%) 9.436 2030 yearly 1980 - 2030
Fiji (%) 2.500 2028 yearly 1980 - 2028
Finland (%) 2.000 2030 yearly 1980 - 2030
France (%) 1.557 2028 yearly 1980 - 2028
Gabon (%) 2.662 2028 yearly 1980 - 2028
Gambia (%) 5.000 2028 yearly 1980 - 2028
Georgia (%) 3.007 2028 yearly 1997 - 2028
Germany (%) 1.964 2028 yearly 1980 - 2028
Ghana (%) 8.000 2028 yearly 1980 - 2028
Greece (%) 2.000 2030 yearly 1980 - 2030
Grenada (%) 1.999 2028 yearly 1980 - 2028
Guatemala (%) 3.970 2028 yearly 1980 - 2028
Guinea (%) 7.500 2028 yearly 1980 - 2028
Guinea-Bissau (%) 2.000 2028 yearly 1980 - 2028
Guyana (%) 5.032 2028 yearly 1980 - 2028
Haiti (%) 9.726 2028 yearly 1980 - 2028
Honduras (%) 4.000 2028 yearly 1980 - 2028
Hong Kong SAR, China (%) 2.500 2028 yearly 1980 - 2028
Hungary (%) 3.057 2028 yearly 1980 - 2028
Iceland (%) 2.500 2030 yearly 1980 - 2030
India (%) 4.000 2030 yearly 1980 - 2030
Indonesia (%) 2.461 2028 yearly 1980 - 2028
Iran (%) 25.000 2030 yearly 1980 - 2030
Iraq (%) 2.000 2028 yearly 2005 - 2028
Ireland (%) 2.030 2030 yearly 1980 - 2030
Israel (%) 2.085 2028 yearly 1980 - 2028
Italy (%) 2.000 2030 yearly 1980 - 2030
Ivory Coast (%) 2.000 2028 yearly 1980 - 2028
Jamaica (%) 5.000 2028 yearly 1980 - 2028
Japan (%) 1.999 2030 yearly 1980 - 2030
Jordan (%) 2.489 2028 yearly 1980 - 2028
Kazakhstan (%) 4.698 2028 yearly 1993 - 2028
Kenya (%) 5.000 2028 yearly 1980 - 2028
Kiribati (%) 1.800 2028 yearly 1980 - 2028
South Korea (%) 2.000 2030 yearly 1980 - 2030
Kosovo (%) 2.000 2030 yearly 2001 - 2030
Kuwait (%) 2.011 2028 yearly 1980 - 2028
Kyrgyzstan (%) 4.000 2028 yearly 1993 - 2028
Laos (%) 3.000 2028 yearly 1980 - 2028
Latvia (%) 2.479 2028 yearly 1993 - 2028
Lebanon (%) 84.880 2020 yearly 1980 - 2020
Lesotho (%) 5.500 2028 yearly 1980 - 2028
Liberia (%) 4.988 2028 yearly 1999 - 2028
Libya (%) 2.863 2028 yearly 1980 - 2028

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.6 Dec 2025 quarterly Dec 1985 - Dec 2025
Consolidated Fiscal Balance (USD mn) -5,321.655 Dec 2025 monthly Jan 1985 - Dec 2025
Tax Revenue (USD mn) 4,733.860 Dec 2025 monthly Jan 1985 - Dec 2025
Tax Revenue: % of GDP (%) 12.9 Dec 2025 quarterly Mar 1985 - Dec 2025
National Government Debt (USD mn) 307,939.9 Jan 2026 monthly Jan 1993 - Jan 2026
Government Debt: % of GDP (%) 63.2 Dec 2025 quarterly Mar 1993 - Dec 2025
Forecast: Government Expenditure (PHP bn) 9,538.160 2030 yearly 1989 - 2030
Forecast: Government Net Debt (PHP bn) 23,834.650 2030 yearly 1993 - 2030
Forecast: Government Revenue (PHP bn) 8,774.629 2030 yearly 1989 - 2030
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 14,996,913.920 Jan 2026 monthly Jan 2006 - Jan 2026
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 949,968.000 Jan 2026 monthly Jan 2006 - Jan 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,048.1 Jan 2026 monthly Jan 1957 - Jan 2026
Total Exports (USD mn) 7,093.7 Jan 2026 monthly Jan 1979 - Jan 2026
Total Exports Growth (%) 7.9 Jan 2026 monthly Jan 1980 - Jan 2026
Aluminum: Exports (USD th) 195,030.466 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 24,205.344 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 12,686.801 2024 yearly 1995 - 2024
Total Imports (USD mn) 11,219.7 Oct 2025 monthly Jan 1979 - Oct 2025
Total Imports Growth (%) -3.1 Jan 2026 monthly Jan 1980 - Jan 2026
Imports: Medicament (USD th) 1,838,565.771 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 626,781.378 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 1,163.265 Jan 2026 monthly Jan 1978 - Jan 2026
Total Imports from USA (USD mn) 653.254 Jan 2026 monthly Jan 1986 - Jan 2026
Total Exports to China (USD mn) 691.798 Jan 2026 monthly Jan 1984 - Jan 2026
Total Imports from China (USD mn) 3,258.442 Jan 2026 monthly Jan 1986 - Jan 2026
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
Export Value Index (2015=100) 126.842 2021 yearly 1980 - 2021
Import Value Index (2015=100) 166.404 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 154.2 Sep 2025 monthly Jan 2005 - Sep 2025
Current Account Balance (USD mn) -1,678.8 Jun 2025 monthly Jan 1999 - Jun 2025
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 560.0 Dec 2025 monthly Jan 2005 - Dec 2025
Foreign Direct Investment: % of GDP (%) 1.5 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment (USD mn) 942.773 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 2.4 Sep 2025 quarterly Mar 1981 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -17.9 Sep 2025 quarterly Mar 1996 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,769.125 Sep 2025 quarterly Mar 1977 - Sep 2025
External Debt (USD mn) 149,093.4 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: % of GDP (%) 29.8 2024 yearly 1990 - 2024
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.5 2024 yearly 2005 - 2024
Forecast: Current Account Balance (USD bn) -20.853 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -58,220.724 Sep 2025 quarterly Dec 2012 - Sep 2025
BoP: FA: Financial Derivatives (FD) (USD mn) 9.236 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Change in Reserve Assets: Debit (USD mn) -836.308 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Credit: Export (USD mn) 5,080.793 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 742.394 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 5,578.880 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -61.818 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Credit: Receipts (USD mn) 10.278 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,461.846 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods (USD mn) -5,086.682 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income (USD mn) 3,218.838 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Debit: Import (USD mn) 3,624.841 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -402.489 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Debit: Import (USD mn) 10,368.112 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,839.284 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Export (USD mn) 15,194.805 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,487.935 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Net Acquisition of Financial Assets (USD mn) 5,856.967 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Import (USD mn) 15,573.930 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Direct Investment (DI) (USD mn) 182.400 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Debit: Payments (USD mn) 1.047 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,455.168 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Capital Account (CA) (USD mn) 9.231 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 7,418.164 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,812.189 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,344.647 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Current Account (CA) (USD mn) -379.125 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -71.054 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Credit: Export (USD mn) 5,281.430 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 559.994 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services (USD mn) 1,455.953 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Other Investments (OI) (USD mn) -6,214.679 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Financial Account (FA) (USD mn) 1,395.121 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income (USD mn) 32.767 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Debit: Payments (USD mn) 125.809 Dec 2025 monthly Jan 2005 - Dec 2025
External Debt: By Country Profile: Country: Japan (USD mn) 16,059.355 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: UK (USD mn) 2,597.218 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: Medium and Long Term (USD mn) 128,181.445 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: France (USD mn) 2,632.733 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: USA (USD mn) 3,360.037 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: Germany (USD mn) 2,159.034 Sep 2025 quarterly Mar 2005 - Sep 2025
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
FDI: Approved: Information & Communication (PHP mn) 4,764.399 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Transportation & Storage (PHP mn) 4,300.624 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Administrative & Support Services (PHP mn) 4,154.339 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Manufacturing (PHP mn) 34,676.438 Dec 2025 quarterly Mar 2010 - Dec 2025
FDI: Approved: Real Estate Activities (PHP mn) 2,974.368 Dec 2025 quarterly Mar 2010 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Jan 2026 monthly Mar 2008 - Jan 2026
Household Debt: % of GDP (%) 13.1 Dec 2025 quarterly Mar 2009 - Dec 2025
Non-Performing Loans (USD mn) 9,285.066 Sep 2025 quarterly Mar 2008 - Sep 2025
Money Supply M1 (USD mn) 128,711.040 Jan 2026 monthly Dec 1988 - Jan 2026
Money Supply M2 (USD mn) 327,357.063 Jan 2026 monthly Dec 1988 - Jan 2026
M2 Growth (%) 8.8 Jan 2026 monthly Dec 1989 - Jan 2026
Reserve Requirement Ratio (%) 5.0 Feb 2026 monthly May 1986 - Feb 2026
Foreign Exchange Reserves (USD mn) 84,957.0 Feb 2026 monthly Jan 1960 - Feb 2026
Foreign Exchange Reserves: Months of Import (NA) 7.8 Jan 2026 monthly Jan 1979 - Jan 2026
Gold Reserves (USD mn) 23,057.201 Feb 2026 monthly Dec 1956 - Feb 2026
Total Deposits (USD mn) 372,106.521 Dec 2025 quarterly Mar 2008 - Dec 2025
Total Deposits Growth (%) 7.4 Dec 2025 quarterly Mar 2009 - Dec 2025
Domestic Credit (USD mn) 378,640.7 Jan 2026 monthly Dec 2001 - Jan 2026
Domestic Credit Growth (%) 10.0 Jan 2026 monthly Dec 2002 - Jan 2026
Household Debt (USD mn) 62,484.4 Dec 2025 quarterly Mar 2009 - Dec 2025
Total Loans (USD mn) 265,290.219 Jan 2026 monthly Mar 2008 - Jan 2026
Total Loans Growth (%) 9.87 Jan 2026 monthly Mar 2009 - Jan 2026
Private Debt: % of Nominal GDP (%) 52.10 Dec 2025 quarterly Dec 2001 - Dec 2025
DCS: Domestic Claims (DC) (PHP mn) 22,297,395.699 Jan 2026 monthly Dec 2001 - Jan 2026
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 8.609 Jan 2026 monthly Dec 2002 - Jan 2026
YoY: DCS: LA: M4: M3 (%) 8.819 Jan 2026 monthly Dec 2002 - Jan 2026
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 5.951 Jan 2026 monthly Dec 2002 - Jan 2026
YoY: DCS: LA: M4: M3: M2 (%) 6.765 Jan 2026 monthly Dec 2002 - Jan 2026
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Feb 2026 monthly May 1986 - Feb 2026
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
CL: PBS: Real Estate: Residential (PHP bn) 1,193.681 Dec 2025 quarterly Mar 2009 - Dec 2025
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,674.393 Dec 2025 quarterly Mar 2009 - Dec 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -15.2 Dec 2025 quarterly Jun 2002 - Dec 2025
Business Outlook: Index: Industry: Current Quarter (Point) 13.590 Dec 2025 quarterly Jun 2001 - Dec 2025
Business Outlook: Index: Services: Current Quarter (Point) 39.087 Dec 2025 quarterly Jun 2001 - Dec 2025
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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