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 (%) 75.036 Jan 2025 monthly Dec 2017 - Jan 2025
Armenia (%) 1.043 Jan 2025 monthly Jan 2006 - Jan 2025
Australia (%) 2.715 Dec 2024 quarterly Dec 1987 - Dec 2024
Austria (%) 3.234 Feb 2025 monthly Jan 1997 - Feb 2025
Belarus (%) 5.798 Feb 2025 monthly Dec 2006 - Feb 2025
Belgium (%) 2.506 Jan 2025 monthly Jan 1997 - Jan 2025
Brazil (%) 4.462 Feb 2025 monthly Jun 1995 - Feb 2025
Bulgaria (%) 4.150 Jan 2025 monthly Dec 1997 - Jan 2025
Cambodia (%) 4.810 Jan 2025 monthly Dec 2011 - Jan 2025
Canada (%) 2.143 Jan 2025 monthly Jan 1985 - Jan 2025
Chile (%) 3.800 Feb 2025 monthly Jan 2010 - Feb 2025
China (%) -0.100 Feb 2025 monthly Jan 2006 - Feb 2025
Colombia (%) 5.631 Feb 2025 monthly Jan 2000 - Feb 2025
Croatia (%) 15.037 Dec 2022 monthly Jan 2001 - Dec 2022
Cyprus (%) 2.366 Jan 2025 monthly Jan 1997 - Jan 2025
Czech Republic (%) 3.477 Dec 2024 monthly Jan 1997 - Dec 2024
Denmark (%) 1.799 Feb 2025 monthly Jan 2001 - Feb 2025
Egypt (%) 10.010 Feb 2025 monthly Jan 2005 - Feb 2025
Estonia (%) 5.468 Jan 2025 monthly Jan 1997 - Jan 2025
European Union (%) 7.819 May 2023 monthly Jan 1997 - May 2023
Finland (%) 2.541 Jan 2025 monthly Jan 1997 - Jan 2025
France (%) 1.811 Jan 2025 monthly Jan 1997 - Jan 2025
Georgia (%) 2.071 Feb 2025 monthly Jan 2010 - Feb 2025
Germany (%) 2.731 Feb 2025 monthly Jan 2006 - Feb 2025
Ghana (%) 47.200 Dec 2022 monthly Aug 2019 - Dec 2022
Greece (%) 3.393 Feb 2025 monthly Jan 1996 - Feb 2025
Hungary (%) 6.230 Feb 2025 monthly Jan 1996 - Feb 2025
Iceland (%) 4.337 Feb 2025 monthly Mar 1998 - Feb 2025
India (%) 3.954 Feb 2025 monthly Jan 2012 - Feb 2025
Indonesia (%) 2.477 Feb 2025 monthly Jan 2009 - Feb 2025
Ireland (%) 2.197 Jan 2025 monthly Jan 1997 - Jan 2025
Israel (%) 3.343 Feb 2025 monthly Jan 1993 - Feb 2025
Italy (%) 1.842 Jan 2025 monthly Jan 1997 - Jan 2025
Japan (%) 2.545 Jan 2025 monthly Jan 2001 - Jan 2025
Kazakhstan (%) 9.300 Feb 2025 monthly Jan 2003 - Feb 2025
South Korea (%) 1.920 Feb 2025 monthly Jan 1976 - Feb 2025
Kuwait (%) 1.856 Jan 2025 monthly May 2017 - Jan 2025
Kyrgyzstan (%) 12.219 May 2023 monthly Jan 2010 - May 2023
Laos (%) 26.111 Dec 2023 monthly Dec 2011 - Dec 2023
Latvia (%) 4.247 Jan 2025 monthly Jan 1997 - Jan 2025
Lithuania (%) 4.142 Feb 2025 monthly Jan 2001 - Feb 2025
Luxembourg (%) 2.139 Jan 2025 monthly Jan 1997 - Jan 2025
North Macedonia (%) 5.400 Dec 2024 monthly Aug 2014 - Dec 2024
Malaysia (%) 1.769 Jan 2025 monthly Jan 2016 - Jan 2025
Malta (%) 2.065 Jan 2025 monthly Jan 1997 - Jan 2025
Mauritius (%) 7.000 Jun 2023 monthly Jun 2004 - Jun 2023
Mexico (%) 3.646 Feb 2025 monthly Jan 1983 - Feb 2025
Moldova (%) 8.939 Feb 2025 monthly Dec 2010 - Feb 2025
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 (%) 3.511 Jan 2025 monthly Jan 1997 - Jan 2025
New Zealand (%) 2.713 Dec 2024 quarterly Jun 2000 - Dec 2024
Nigeria (%) 29.277 Dec 2024 monthly Jan 1996 - Dec 2024
Norway (%) 3.438 Feb 2025 monthly Jan 1996 - Feb 2025
Pakistan (%) 7.800 Feb 2025 monthly Sep 2010 - Feb 2025
Paraguay (%) 5.038 Feb 2025 monthly Dec 1993 - Feb 2025
Peru (%) 2.402 Feb 2025 monthly Dec 1991 - Feb 2025
Philippines (%) 7.720 May 2023 monthly Jan 1995 - May 2023
Poland (%) 4.000 Dec 2024 monthly Jan 1998 - Dec 2024
Portugal (%) 2.455 Feb 2025 monthly Jan 1949 - Feb 2025
Romania (%) 5.436 Jan 2025 monthly Jan 1997 - Jan 2025
Russia (%) 9.550 Feb 2025 monthly Jan 2003 - Feb 2025
Serbia (%) 5.500 Dec 2024 monthly Jan 2007 - Dec 2024
Singapore (%) 0.800 Jan 2025 monthly Jan 1991 - Jan 2025
Slovakia (%) 4.815 Jan 2025 monthly Jan 1997 - Jan 2025
Slovenia (%) 2.100 Feb 2025 monthly Jan 2001 - Feb 2025
South Africa (%) 3.512 Jan 2025 monthly Jan 2009 - Jan 2025
Spain (%) 2.385 Jan 2025 monthly Jan 2003 - Jan 2025
Sri Lanka (%) 31.793 Apr 2023 monthly Jan 2015 - Apr 2023
Sweden (%) 2.709 Jan 2025 monthly Jan 1997 - Jan 2025
Switzerland (%) 0.924 Feb 2025 monthly May 1994 - Feb 2025
Taiwan (%) 0.980 Feb 2025 monthly Jan 1982 - Feb 2025
Thailand (%) 1.548 May 2023 monthly Dec 1985 - May 2023
Turkey (%) 39.469 Feb 2025 monthly Jan 2004 - Feb 2025
Ukraine (%) 12.000 Feb 2025 monthly Dec 2008 - Feb 2025
United Kingdom (%) 3.804 Jan 2025 monthly Jan 1989 - Jan 2025
United States (%) 3.144 Feb 2025 monthly Jan 1958 - Feb 2025
Venezuela (%) 60.337 Dec 2013 monthly Dec 2008 - Dec 2013
Vietnam (%) 2.872 Feb 2025 monthly Jan 2015 - Feb 2025

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Dec 2024 quarterly Dec 1985 - Dec 2024
Consolidated Fiscal Balance (USD mn) -5,637.507 Dec 2024 monthly Jan 1985 - Dec 2024
Tax Revenue (USD mn) 4,304.459 Dec 2024 monthly Jan 1985 - Dec 2024
Tax Revenue: % of GDP (%) 13.1 Dec 2024 quarterly Mar 1985 - Dec 2024
National Government Debt (USD mn) 279,510.2 Jan 2025 monthly Jan 1993 - Jan 2025
Government Debt: % of GDP (%) 60.7 Dec 2024 quarterly Mar 1993 - Dec 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: Long Term (PHP mn) 13,220,466.360 Jan 2025 monthly Jan 2006 - Jan 2025
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 766,368.300 Jan 2025 monthly Jan 2006 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -5,089.0 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports (USD mn) 6,363.9 Jan 2025 monthly Jan 1979 - Jan 2025
Total Exports Growth (%) 6.3 Jan 2025 monthly Jan 1980 - Jan 2025
Aluminum: Exports (USD th) 172,934.333 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 50,061.591 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 7,078.928 2023 yearly 1995 - 2023
Total Imports (USD mn) 11,452.9 Jan 2025 monthly Jan 1979 - Jan 2025
Total Imports Growth (%) 10.8 Jan 2025 monthly Jan 1980 - Jan 2025
Imports: Medicament (USD th) 1,767,963.325 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 693,891.948 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 1,127.533 Jan 2025 monthly Jan 1978 - Jan 2025
Total Imports from USA (USD mn) 690.808 Jan 2025 monthly Jan 1986 - Jan 2025
Total Exports to China (USD mn) 645.572 Jan 2025 monthly Jan 1984 - Jan 2025
Total Imports from China (USD mn) 3,305.648 Jan 2025 monthly Jan 1986 - Jan 2025
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) -56.0 Sep 2024 monthly Jan 2005 - Sep 2024
Current Account Balance (USD mn) -2,198.3 Sep 2024 monthly Jan 1999 - Sep 2024
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 109.8 Dec 2024 monthly Jan 2005 - Dec 2024
Foreign Direct Investment: % of GDP (%) 1.6 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Portfolio Investment (USD mn) 4,331.839 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 4.0 Sep 2024 quarterly Mar 1981 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 632.6 Sep 2024 quarterly Mar 1996 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 3,699.289 Sep 2024 quarterly Mar 1977 - Sep 2024
External Debt (USD mn) 139,643.3 Sep 2024 quarterly Mar 2005 - Sep 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) -74,249.007 Sep 2024 quarterly Dec 2012 - Sep 2024
BoP: Change in Reserve Assets: Debit (USD mn) 3,540.703 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -721.743 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Credit: Receipts (USD mn) 7.553 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 2,750.794 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income (USD mn) 414.176 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Incurrence of Liabilities (USD mn) 8,335.793 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -106.020 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Debit: Payments (USD mn) 93.584 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Credit: Export (USD mn) 4,345.739 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Credit: Export (USD mn) 4,544.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods (USD mn) -6,428.866 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Financial Derivatives (FD) (USD mn) 3.339 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 109.782 Dec 2024 monthly Jan 2005 - Dec 2024
BoP: CA: Import (USD mn) 15,398.524 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Capital Account (CA) (USD mn) 7.090 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 2,863.171 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,867.029 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Debit: Payments (USD mn) 0.463 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -56.003 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Financial Account (FA) (USD mn) -6,468.764 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Debit: Import (USD mn) 3,242.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Other Investments (OI) (USD mn) -5,935.605 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services (USD mn) 1,103.388 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -112.376 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,088.860 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Debit: Import (USD mn) 10,973.729 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,503.036 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -109.359 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Export (USD mn) 13,200.174 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Current Account (CA) (USD mn) -2,198.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,806.536 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Direct Investment (DI) (USD mn) -424.122 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,213.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income (USD mn) 2,712.952 Sep 2024 monthly Jan 2005 - Sep 2024
External Debt: Medium and Long Term (USD mn) 118,527.393 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Germany (USD mn) 1,601.742 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: UK (USD mn) 4,510.353 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: USA (USD mn) 3,119.277 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: France (USD mn) 1,223.412 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Japan (USD mn) 15,383.270 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Approved: Manufacturing (PHP mn) 30,550.029 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Administrative & Support Services (PHP mn) 3,327.175 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Real Estate Activities (PHP mn) 2,515.437 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Transportation & Storage (PHP mn) 11,869.695 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Information & Communication (PHP mn) 265.529 Dec 2024 quarterly Mar 2010 - Dec 2024
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Dec 2024 monthly Mar 2008 - Dec 2024
Household Debt: % of GDP (%) 11.7 Dec 2024 quarterly Mar 2009 - Dec 2024
Non-Performing Loans (USD mn) 8,626.092 Dec 2024 quarterly Mar 2008 - Dec 2024
Money Supply M1 (USD mn) 122,549.846 Jan 2025 monthly Dec 1988 - Jan 2025
Money Supply M2 (USD mn) 303,607.786 Jan 2025 monthly Dec 1988 - Jan 2025
M2 Growth (%) 7.2 Jan 2025 monthly Dec 1989 - Jan 2025
Reserve Requirement Ratio (%) 7.0 Feb 2025 monthly May 1986 - Feb 2025
Foreign Exchange Reserves (USD mn) 90,922.5 Feb 2025 monthly Jan 1960 - Feb 2025
Foreign Exchange Reserves: Months of Import (NA) 7.6 Jan 2025 monthly Jan 1979 - Jan 2025
Gold Reserves (USD mn) 12,049.890 Feb 2025 monthly Dec 1956 - Feb 2025
Total Deposits (USD mn) 351,189.405 Dec 2024 quarterly Mar 2008 - Dec 2024
Total Deposits Growth (%) 7.0 Dec 2024 quarterly Mar 2009 - Dec 2024
Domestic Credit (USD mn) 347,323.4 Jan 2025 monthly Dec 2001 - Jan 2025
Domestic Credit Growth (%) 10.9 Jan 2025 monthly Dec 2002 - Jan 2025
Household Debt (USD mn) 53,181.6 Dec 2024 quarterly Mar 2009 - Dec 2024
Total Loans (USD mn) 243,635.782 Jan 2025 monthly Mar 2008 - Jan 2025
Total Loans Growth (%) 12.62 Dec 2024 monthly Mar 2009 - Dec 2024
Private Debt: % of Nominal GDP (%) 49.83 Dec 2024 quarterly Dec 2001 - Dec 2024
DCS: LA: M4: M3 (PHP mn) 18,149,334.043 Jan 2025 monthly Dec 2001 - Jan 2025
DCS: LA: M4: M3: M2: M1 (PHP mn) 7,152,254.131 Jan 2025 monthly Dec 2001 - Jan 2025
DCS: LA: M4: M3: M2 (PHP mn) 17,719,157.606 Jan 2025 monthly Dec 2001 - Jan 2025
DCS: Domestic Claims (DC) (PHP mn) 20,270,486.311 Jan 2025 monthly Dec 2001 - Jan 2025
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 7.000 Feb 2025 monthly May 1986 - Feb 2025
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,085.276 Dec 2024 quarterly Mar 2009 - Dec 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,099.416 Dec 2024 quarterly Mar 2009 - Dec 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -1.9 Dec 2024 quarterly Jun 2002 - Dec 2024
Business Outlook: Index: Services: Current Quarter (Point) 52.860 Dec 2024 quarterly Jun 2001 - Dec 2024
Business Outlook: Index: Industry: Current Quarter (Point) 34.545 Dec 2024 quarterly Jun 2001 - Dec 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

More Indicators for Philippines

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