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 (%) 299.988 Mar 2024 monthly Dec 2017 - Mar 2024
Armenia (%) 0.132 Mar 2024 monthly Jan 2006 - Mar 2024
Australia (%) 3.693 Mar 2024 quarterly Dec 1987 - Mar 2024
Austria (%) 4.751 Mar 2024 monthly Jan 1997 - Mar 2024
Belarus (%) 4.063 Mar 2024 monthly Dec 2006 - Mar 2024
Belgium (%) 3.862 Mar 2024 monthly Jan 1997 - Mar 2024
Brazil (%) 4.290 Mar 2024 monthly Jun 1995 - Mar 2024
Bulgaria (%) 3.623 Mar 2024 monthly Dec 1997 - Mar 2024
Cambodia (%) -0.109 Feb 2024 monthly Mar 2014 - Feb 2024
Canada (%) 2.116 Mar 2024 monthly Jan 1985 - Mar 2024
Chile (%) 2.616 Mar 2024 monthly Jan 2010 - Mar 2024
China (%) 0.600 Mar 2024 monthly Jan 2006 - Mar 2024
Colombia (%) 7.321 Mar 2024 monthly Jan 2000 - Mar 2024
Croatia (%) 15.037 Dec 2022 monthly Jan 2001 - Dec 2022
Cyprus (%) 2.243 Mar 2024 monthly Jan 1997 - Mar 2024
Czech Republic (%) 2.807 Mar 2024 monthly Jan 1997 - Mar 2024
Denmark (%) 1.655 Mar 2024 monthly Jan 2001 - Mar 2024
Egypt (%) 33.660 Mar 2024 monthly Jan 2005 - Mar 2024
Estonia (%) 4.811 Mar 2024 monthly Jan 1997 - Mar 2024
European Union (%) 7.819 May 2023 monthly Jan 1997 - May 2023
Finland (%) 1.906 Mar 2024 monthly Jan 1997 - Mar 2024
France (%) 2.569 Mar 2024 monthly Jan 1997 - Mar 2024
Georgia (%) 2.336 Apr 2024 monthly Jan 2010 - Apr 2024
Germany (%) 3.345 Mar 2024 monthly Jan 2006 - Mar 2024
Ghana (%) 47.200 Dec 2022 monthly Aug 2019 - Dec 2022
Greece (%) 3.463 Mar 2024 monthly Jan 1996 - Mar 2024
Hungary (%) 4.535 Mar 2024 monthly Jan 1996 - Mar 2024
Iceland (%) 6.211 Apr 2024 monthly Mar 1998 - Apr 2024
India (%) 3.247 Mar 2024 monthly Jan 2012 - Mar 2024
Indonesia (%) 1.823 Apr 2024 monthly Jan 2009 - Apr 2024
Ireland (%) 2.926 Mar 2024 monthly Jan 1997 - Mar 2024
Israel (%) 2.434 Mar 2024 monthly Jan 1993 - Mar 2024
Italy (%) 2.383 Mar 2024 monthly Jan 1997 - Mar 2024
Japan (%) 2.805 Mar 2024 monthly Jan 2001 - Mar 2024
Kazakhstan (%) 8.800 Mar 2024 monthly Jan 2003 - Mar 2024
South Korea (%) 2.242 Apr 2024 monthly Jan 1976 - Apr 2024
Kuwait (%) 2.528 Mar 2024 monthly May 2017 - Mar 2024
Kyrgyzstan (%) 12.219 May 2023 monthly Jan 2010 - May 2023
Laos (%) 32.591 Dec 2022 monthly Dec 2011 - Dec 2022
Latvia (%) 3.377 Mar 2024 monthly Jan 1997 - Mar 2024
Lithuania (%) 3.060 Mar 2024 monthly Jan 2001 - Mar 2024
Luxembourg (%) 3.760 Mar 2024 monthly Jan 1997 - Mar 2024
North Macedonia (%) 6.500 Jan 2024 monthly Aug 2014 - Jan 2024
Malaysia (%) 1.715 Mar 2024 monthly Jan 2016 - Mar 2024
Malta (%) 2.768 Mar 2024 monthly Jan 1997 - Mar 2024
Mauritius (%) 7.000 Jun 2023 monthly Jun 2004 - Jun 2023
Mexico (%) 4.643 Feb 2024 monthly Jan 1983 - Feb 2024
Moldova (%) 4.542 Mar 2024 monthly Dec 2010 - Mar 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 (%) 3.109 Mar 2024 monthly Jan 1997 - Mar 2024
New Zealand (%) 3.695 Mar 2024 quarterly Jun 2000 - Mar 2024
Nigeria (%) 25.895 Mar 2024 monthly Jan 1996 - Mar 2024
Norway (%) 4.482 Mar 2024 monthly Jan 1996 - Mar 2024
Pakistan (%) 15.500 Feb 2024 monthly Sep 2010 - Feb 2024
Paraguay (%) 4.348 Apr 2024 monthly Dec 1993 - Apr 2024
Peru (%) 4.012 Mar 2024 monthly Dec 1991 - Mar 2024
Philippines (%) 7.720 May 2023 monthly Jan 1995 - May 2023
Poland (%) 4.600 Mar 2024 monthly Jan 1998 - Mar 2024
Portugal (%) 2.489 Mar 2024 monthly Jan 1949 - Mar 2024
Romania (%) 8.065 Mar 2024 monthly Jan 1997 - Mar 2024
Russia (%) 7.840 Mar 2024 monthly Jan 2003 - Mar 2024
Serbia (%) 5.100 Mar 2024 monthly Jan 2007 - Mar 2024
Singapore (%) 3.100 Mar 2024 monthly Jan 1990 - Mar 2024
Slovakia (%) 3.599 Mar 2024 monthly Jan 1997 - Mar 2024
Slovenia (%) 3.600 Apr 2024 monthly Jan 2001 - Apr 2024
South Africa (%) 5.005 Feb 2024 monthly Jan 2009 - Feb 2024
Spain (%) 3.339 Mar 2024 monthly Jan 2003 - Mar 2024
Sri Lanka (%) 31.793 Apr 2023 monthly Jan 2015 - Apr 2023
Sweden (%) 3.544 Mar 2024 monthly Jan 1997 - Mar 2024
Switzerland (%) 1.153 Apr 2024 monthly May 1994 - Apr 2024
Taiwan (%) 1.815 Apr 2024 monthly Jan 1982 - Apr 2024
Thailand (%) 1.548 May 2023 monthly Dec 1985 - May 2023
Turkey (%) 72.717 Apr 2024 monthly Jan 2004 - Apr 2024
Ukraine (%) 4.200 Mar 2024 monthly Dec 2008 - Mar 2024
United Kingdom (%) 4.590 Mar 2024 monthly Jan 1989 - Mar 2024
United States (%) 3.875 Jan 2024 monthly Jan 1958 - Jan 2024
Venezuela (%) 60.337 Dec 2013 monthly Dec 2008 - Dec 2013
Vietnam (%) 2.794 Apr 2024 monthly Jan 2015 - Apr 2024

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Philippines Key Series

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Includes 257 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) -3,507.976 Mar 2024 monthly Jan 1985 - Mar 2024
Tax Revenue (USD mn) 4,008.484 Mar 2024 monthly Jan 1985 - Mar 2024
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 265,200.0 Mar 2024 monthly Jan 1993 - Mar 2024
Government Debt: % of GDP (%) 60.1 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
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 11,852,534.000 Mar 2024 monthly Jan 2006 - Mar 2024
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 606,612.000 Mar 2024 monthly Jan 2006 - Mar 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,647.5 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 5,905.9 Feb 2024 monthly Jan 1979 - Feb 2024
Total Exports Growth (%) 15.8 Feb 2024 monthly Jan 1980 - Feb 2024
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) 9,553.4 Feb 2024 monthly Jan 1979 - Feb 2024
Total Imports Growth (%) 6.3 Feb 2024 monthly Jan 1980 - Feb 2024
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) 947.828 Feb 2024 monthly Jan 1978 - Feb 2024
Total Imports from USA (USD mn) 550.165 Feb 2024 monthly Jan 1986 - Feb 2024
Total Exports to China (USD mn) 695.255 Feb 2024 monthly Jan 1984 - Feb 2024
Total Imports from China (USD mn) 2,179.424 Feb 2024 monthly Jan 1986 - Feb 2024
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) 638.5 Dec 2023 monthly Jan 2005 - Dec 2023
Current Account Balance (USD mn) 106.8 Dec 2023 monthly Jan 1999 - Dec 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 826.1 Dec 2023 monthly Jan 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,838.131 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.5 Dec 2023 quarterly Dec 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -173.2 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,011.353 Dec 2023 quarterly Mar 1977 - Dec 2023
External Debt (USD mn) 125,393.7 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: % of GDP (%) 28.7 2023 yearly 1990 - 2023
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 3.9 2023 yearly 2005 - 2023
Forecast: Current Account Balance (USD bn) -6.381 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -51,316.516 Dec 2023 quarterly Dec 2012 - Dec 2023
BoP: Change in Reserve Assets: Debit (USD mn) -178.717 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -71.118 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Credit: Export (USD mn) 4,383.898 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 638.532 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 2,128.759 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income (USD mn) 480.791 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 826.060 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 117.845 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods (USD mn) -4,879.015 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 255.818 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Credit: Export (USD mn) 4,419.540 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Debit: Import (USD mn) 9,298.554 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Financial Account (FA) (USD mn) -1,361.024 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Debit: Import (USD mn) 2,914.523 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -55.498 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Credit: Receipts (USD mn) 7.303 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Debit: Payments (USD mn) 1.050 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -48.641 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) 767.734 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Import (USD mn) 13,354.803 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Other Investments (OI) (USD mn) -325.972 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,023.880 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services (USD mn) 1,469.375 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Current Account (CA) (USD mn) 106.819 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income (USD mn) 3,035.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,504.671 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Capital Account (CA) (USD mn) 6.253 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 254.854 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Export (USD mn) 13,461.621 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,096.486 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -6.857 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -840.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -187.528 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,153.513 Dec 2023 monthly Jan 2005 - Dec 2023
External Debt: By Country Profile: Country: Japan (USD mn) 15,554.305 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,179.968 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: Medium and Long Term (USD mn) 108,297.906 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: France (USD mn) 1,242.515 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,450.711 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: USA (USD mn) 2,474.724 Dec 2023 quarterly Mar 2005 - 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: Manufacturing (PHP mn) 48,958.266 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Administrative & Support Services (PHP mn) 5,704.132 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Real Estate Activities (PHP mn) 3,011.207 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 (%) 3.4 Feb 2024 monthly Mar 2008 - Feb 2024
Household Debt: % of GDP (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 118,977.230 Jan 2024 monthly Dec 1988 - Jan 2024
Money Supply M2 (USD mn) 293,306.704 Jan 2024 monthly Dec 1988 - Jan 2024
M2 Growth (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Reserve Requirement Ratio (%) 9.5 Apr 2024 monthly May 1986 - Apr 2024
Foreign Exchange Reserves (USD mn) 89,027.1 Mar 2024 monthly Jan 1960 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Feb 2024 monthly Jan 1979 - Feb 2024
Gold Reserves (USD mn) 10,531.497 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 342,517.305 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 324,291.8 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Household Debt (USD mn) 47,047.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Total Loans (USD mn) 225,277.466 Feb 2024 monthly Mar 2008 - Feb 2024
Total Loans Growth (%) 9.22 Feb 2024 monthly Mar 2009 - Feb 2024
Private Debt: % of Nominal GDP (%) 48.22 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3 (PHP mn) 16,914,355.390 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,647,338.067 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3: M2 (PHP mn) 16,473,993.214 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: Domestic Claims (DC) (PHP mn) 18,335,039.299 Feb 2024 monthly Dec 2001 - Feb 2024
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 Apr 2024 monthly May 1986 - Apr 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,003.466 Dec 2023 quarterly Mar 2009 - Dec 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 4.3 Mar 2024 quarterly Jun 2002 - Mar 2024
Business Outlook: Index: Services: Current Quarter (Point) 36.460 Mar 2024 quarterly Jun 2001 - Mar 2024
Business Outlook: Index: Industry: Current Quarter (Point) 26.426 Mar 2024 quarterly Jun 2001 - Mar 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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