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

country/region Last Frequency Range
Argentina (%) 181.977 Oct 2024 monthly Dec 2017 - Oct 2024
Armenia (%) 0.739 Sep 2024 monthly Jan 2006 - Sep 2024
Australia (%) 3.104 Sep 2024 quarterly Dec 1987 - Sep 2024
Austria (%) 3.229 Oct 2024 monthly Jan 1997 - Oct 2024
Belarus (%) 4.844 Aug 2024 monthly Dec 2006 - Aug 2024
Belgium (%) 3.744 Oct 2024 monthly Jan 1997 - Oct 2024
Brazil (%) 4.114 Oct 2024 monthly Jun 1995 - Oct 2024
Bulgaria (%) 3.033 Oct 2024 monthly Dec 1997 - Oct 2024
Cambodia (%) 1.482 Sep 2024 monthly Dec 2011 - Sep 2024
Canada (%) 1.628 Oct 2024 monthly Jan 1985 - Oct 2024
Chile (%) 3.841 Oct 2024 monthly Jan 2010 - Oct 2024
China (%) 0.200 Oct 2024 monthly Jan 2006 - Oct 2024
Colombia (%) 5.958 Oct 2024 monthly Jan 2000 - Oct 2024
Croatia (%) 15.037 Dec 2022 monthly Jan 2001 - Dec 2022
Cyprus (%) 2.819 Oct 2024 monthly Jan 1997 - Oct 2024
Czech Republic (%) 3.467 Oct 2024 monthly Jan 1997 - Oct 2024
Denmark (%) 1.463 Oct 2024 monthly Jan 2001 - Oct 2024
Egypt (%) 24.400 Oct 2024 monthly Jan 2005 - Oct 2024
Estonia (%) 6.362 Oct 2024 monthly Jan 1997 - Oct 2024
European Union (%) 7.819 May 2023 monthly Jan 1997 - May 2023
Finland (%) 2.196 Oct 2024 monthly Jan 1997 - Oct 2024
France (%) 1.908 Oct 2024 monthly Jan 1997 - Oct 2024
Georgia (%) 1.185 Oct 2024 monthly Jan 2010 - Oct 2024
Germany (%) 2.920 Oct 2024 monthly Jan 2006 - Oct 2024
Ghana (%) 47.200 Dec 2022 monthly Aug 2019 - Dec 2022
Greece (%) 3.655 Oct 2024 monthly Jan 1996 - Oct 2024
Hungary (%) 4.446 Oct 2024 monthly Jan 1996 - Oct 2024
Iceland (%) 5.430 Oct 2024 monthly Mar 1998 - Oct 2024
India (%) 3.505 Sep 2024 monthly Jan 2012 - Sep 2024
Indonesia (%) 2.210 Oct 2024 monthly Jan 2009 - Oct 2024
Ireland (%) 1.738 Oct 2024 monthly Jan 1997 - Oct 2024
Israel (%) 3.263 Oct 2024 monthly Jan 1993 - Oct 2024
Italy (%) 1.900 Oct 2024 monthly Jan 1997 - Oct 2024
Japan (%) 1.992 Sep 2024 monthly Jan 2001 - Sep 2024
Kazakhstan (%) 8.400 Oct 2024 monthly Jan 2003 - Oct 2024
South Korea (%) 1.689 Oct 2024 monthly Jan 1976 - Oct 2024
Kuwait (%) 2.028 Sep 2024 monthly May 2017 - Sep 2024
Kyrgyzstan (%) 12.219 May 2023 monthly Jan 2010 - May 2023
Laos (%) 32.591 Dec 2022 monthly Dec 2011 - Dec 2022
Latvia (%) 4.178 Oct 2024 monthly Jan 1997 - Oct 2024
Lithuania (%) 2.409 Oct 2024 monthly Jan 2001 - Oct 2024
Luxembourg (%) 2.603 Oct 2024 monthly Jan 1997 - Oct 2024
North Macedonia (%) 5.300 Aug 2024 monthly Aug 2014 - Aug 2024
Malaysia (%) 1.775 Sep 2024 monthly Jan 2016 - Sep 2024
Malta (%) 2.306 Oct 2024 monthly Jan 1997 - Oct 2024
Mauritius (%) 7.000 Jun 2023 monthly Jun 2004 - Jun 2023
Mexico (%) 3.803 Oct 2024 monthly Jan 1983 - Oct 2024
Moldova (%) 4.134 Oct 2024 monthly Dec 2010 - Oct 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 (%) 3.911 Oct 2024 monthly Jan 1997 - Oct 2024
New Zealand (%) 2.566 Sep 2024 quarterly Jun 2000 - Sep 2024
Nigeria (%) 28.369 Oct 2024 monthly Jan 1996 - Oct 2024
Norway (%) 2.745 Oct 2024 monthly Jan 1996 - Oct 2024
Pakistan (%) 8.600 Oct 2024 monthly Sep 2010 - Oct 2024
Paraguay (%) 3.957 Oct 2024 monthly Dec 1993 - Oct 2024
Peru (%) 2.513 Oct 2024 monthly Dec 1991 - Oct 2024
Philippines (%) 7.720 May 2023 monthly Jan 1995 - May 2023
Poland (%) 4.100 Oct 2024 monthly Jan 1998 - Oct 2024
Portugal (%) 2.625 Oct 2024 monthly Jan 1949 - Oct 2024
Romania (%) 5.770 Oct 2024 monthly Jan 1997 - Oct 2024
Russia (%) 8.180 Oct 2024 monthly Jan 2003 - Oct 2024
Serbia (%) 5.700 Oct 2024 monthly Jan 2007 - Oct 2024
Singapore (%) 2.800 Sep 2024 monthly Jan 1990 - Sep 2024
Slovakia (%) 4.267 Oct 2024 monthly Jan 1997 - Oct 2024
Slovenia (%) 2.200 Oct 2024 monthly Jan 2001 - Oct 2024
South Africa (%) 4.136 Sep 2024 monthly Jan 2009 - Sep 2024
Spain (%) 2.458 Oct 2024 monthly Jan 2003 - Oct 2024
Sri Lanka (%) 31.793 Apr 2023 monthly Jan 2015 - Apr 2023
Sweden (%) 2.712 Oct 2024 monthly Jan 1997 - Oct 2024
Switzerland (%) 0.836 Oct 2024 monthly May 1994 - Oct 2024
Taiwan (%) 1.640 Oct 2024 monthly Jan 1982 - Oct 2024
Thailand (%) 1.548 May 2023 monthly Dec 1985 - May 2023
Turkey (%) 47.100 Oct 2024 monthly Jan 2004 - Oct 2024
Ukraine (%) 8.300 Oct 2024 monthly Dec 2008 - Oct 2024
United Kingdom (%) 3.101 Sep 2024 monthly Jan 1989 - Sep 2024
United States (%) 3.300 Oct 2024 monthly Jan 1958 - Oct 2024
Venezuela (%) 60.337 Dec 2013 monthly Dec 2008 - Dec 2013
Vietnam (%) 2.680 Oct 2024 monthly Jan 2015 - Oct 2024

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.8 Sep 2024 quarterly Dec 1985 - Sep 2024
Consolidated Fiscal Balance (USD mn) -4,873.545 Sep 2024 monthly Jan 1985 - Sep 2024
Tax Revenue (USD mn) 4,520.298 Sep 2024 monthly Jan 1985 - Sep 2024
Tax Revenue: % of GDP (%) 15.6 Sep 2024 quarterly Mar 1985 - Sep 2024
National Government Debt (USD mn) 284,357.4 Sep 2024 monthly Jan 1993 - Sep 2024
Government Debt: % of GDP (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Forecast: Government Expenditure (PHP bn) 8,856.329 2029 yearly 1989 - 2029
Forecast: Government Net Debt (PHP bn) 22,005.550 2029 yearly 1993 - 2029
Forecast: Government Revenue (PHP bn) 8,175.786 2029 yearly 1989 - 2029
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 731,809.300 Sep 2024 monthly Jan 2006 - Sep 2024
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 12,704,367.324 Sep 2024 monthly Jan 2006 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -5,087.0 Sep 2024 monthly Jan 1957 - Sep 2024
Total Exports (USD mn) 6,257.6 Sep 2024 monthly Jan 1979 - Sep 2024
Total Exports Growth (%) -7.6 Sep 2024 monthly Jan 1980 - Sep 2024
Aluminum: Exports (USD th) 172,934.333 2023 yearly 1995 - 2023
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) 11,344.6 Sep 2024 monthly Jan 1979 - Sep 2024
Total Imports Growth (%) 9.9 Sep 2024 monthly Jan 1980 - Sep 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) 1,082.743 Sep 2024 monthly Jan 1978 - Sep 2024
Total Imports from USA (USD mn) 681.328 Sep 2024 monthly Jan 1986 - Sep 2024
Total Exports to China (USD mn) 830.355 Sep 2024 monthly Jan 1984 - Sep 2024
Total Imports from China (USD mn) 2,835.235 Sep 2024 monthly Jan 1986 - Sep 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
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) 243.5 Mar 2024 monthly Jan 2005 - Mar 2024
Current Account Balance (USD mn) -368.4 Mar 2024 monthly Jan 1999 - Mar 2024
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 820.5 Jul 2024 monthly Jan 2005 - Jul 2024
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment (USD mn) 2,742.116 Mar 2024 quarterly Mar 2005 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 1.1 Jun 2024 quarterly Dec 1980 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 1,013.6 Mar 2024 quarterly Mar 1996 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,728.469 Mar 2024 quarterly Mar 1977 - Mar 2024
External Debt (USD mn) 130,182.1 Jun 2024 quarterly Mar 2005 - Jun 2024
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) -8.070 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -55,223.853 Jun 2024 quarterly Dec 2012 - Jun 2024
BoP: FA: Financial Derivatives (FD) (USD mn) -13.733 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Services: Credit: Export (USD mn) 4,308.895 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 1,741.932 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Primary Income (USD mn) 168.889 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,419.031 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Change in Reserve Assets: Debit (USD mn) 1,190.104 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 820.455 Jul 2024 monthly Jan 2005 - Jul 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 243.491 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Credit: Receipts (USD mn) 6.570 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Financial Account (FA) (USD mn) -2,389.162 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Goods: Credit: Export (USD mn) 4,794.078 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Goods (USD mn) -4,431.392 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Secondary Income: Debit: Payments (USD mn) 72.295 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Services: Debit: Import (USD mn) 2,925.244 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Capital Account (CA) (USD mn) 5.645 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Goods: Debit: Import (USD mn) 9,225.470 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 109.462 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -65.016 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,922.951 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Debit: Payments (USD mn) 0.925 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Secondary Income (USD mn) 2,510.476 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Net Acquisition of Financial Assets (USD mn) 2,029.869 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -51.282 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -119.678 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Import (USD mn) 13,531.426 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,861.610 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,582.771 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Services (USD mn) 1,383.651 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Export (USD mn) 13,163.050 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Direct Investment (DI) (USD mn) -442.262 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,477.307 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: FA: Other Investments (OI) (USD mn) -1,813.489 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,308.419 Mar 2024 monthly Jan 2005 - Mar 2024
BoP: Current Account (CA) (USD mn) -368.376 Mar 2024 monthly Jan 2005 - Mar 2024
External Debt: By Country Profile: Country: USA (USD mn) 3,057.389 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: Germany (USD mn) 1,503.182 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: France (USD mn) 1,201.744 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: Medium and Long Term (USD mn) 112,285.213 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: UK (USD mn) 4,168.759 Jun 2024 quarterly Mar 2005 - Jun 2024
External Debt: By Country Profile: Country: Japan (USD mn) 14,245.785 Jun 2024 quarterly Mar 2005 - Jun 2024
FDI: Approved: Information & Communication (PHP mn) 7.490 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Manufacturing (PHP mn) 70,570.395 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Real Estate Activities (PHP mn) 13,131.164 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Administrative & Support Services (PHP mn) 7,377.137 Sep 2024 quarterly Mar 2010 - Sep 2024
FDI: Approved: Transportation & Storage (PHP mn) 28.845 Sep 2024 quarterly Mar 2010 - Sep 2024
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.5 Sep 2024 monthly Mar 2008 - Sep 2024
Household Debt: % of GDP (%) 11.0 Jun 2024 quarterly Mar 2009 - Jun 2024
Non-Performing Loans (USD mn) 9,258.079 Sep 2024 quarterly Mar 2008 - Sep 2024
Money Supply M1 (USD mn) 123,437.684 Sep 2024 monthly Dec 1988 - Sep 2024
Money Supply M2 (USD mn) 306,326.429 Sep 2024 monthly Dec 1988 - Sep 2024
M2 Growth (%) 5.8 Sep 2024 monthly Dec 1989 - Sep 2024
Reserve Requirement Ratio (%) 9.5 Oct 2024 monthly May 1986 - Oct 2024
Foreign Exchange Reserves (USD mn) 95,242.3 Oct 2024 monthly Jan 1960 - Oct 2024
Foreign Exchange Reserves: Months of Import (NA) 8.6 Sep 2024 monthly Jan 1979 - Sep 2024
Gold Reserves (USD mn) 11,353.948 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 350,338.036 Sep 2024 quarterly Mar 2008 - Sep 2024
Total Deposits Growth (%) 7.1 Sep 2024 quarterly Mar 2009 - Sep 2024
Domestic Credit (USD mn) 346,939.4 Sep 2024 monthly Dec 2001 - Sep 2024
Domestic Credit Growth (%) 9.6 Sep 2024 monthly Dec 2002 - Sep 2024
Household Debt (USD mn) 47,678.1 Jun 2024 quarterly Mar 2009 - Jun 2024
Total Loans (USD mn) 242,399.139 Sep 2024 monthly Mar 2008 - Sep 2024
Total Loans Growth (%) 11.35 Sep 2024 monthly Mar 2009 - Sep 2024
Private Debt: % of Nominal GDP (%) 48.13 Sep 2024 quarterly Dec 2001 - Sep 2024
DCS: LA: M4: M3 (PHP mn) 17,576,030.581 Sep 2024 monthly Dec 2001 - Sep 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,899,179.037 Sep 2024 monthly Dec 2001 - Sep 2024
DCS: LA: M4: M3: M2 (PHP mn) 17,121,196.747 Sep 2024 monthly Dec 2001 - Sep 2024
DCS: Domestic Claims (DC) (PHP mn) 19,391,135.958 Sep 2024 monthly Dec 2001 - Sep 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 Oct 2024 monthly May 1986 - Oct 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,806.717 Jun 2024 quarterly Mar 2009 - Jun 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,038.657 Jun 2024 quarterly Mar 2009 - Jun 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 4.1 Sep 2024 quarterly Jun 2002 - Sep 2024
Business Outlook: Index: Industry: Current Quarter (Point) 25.986 Sep 2024 quarterly Jun 2001 - Sep 2024
Business Outlook: Index: Services: Current Quarter (Point) 36.706 Sep 2024 quarterly Jun 2001 - Sep 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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