Philippines - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Philippines was 126.48 as of 2018. As the graph below shows, over the past 58 years this indicator reached a maximum value of 126.48 in 2018 and a minimum value of 1.13 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 1.13
1961 1.15
1962 1.21
1963 1.28
1964 1.39
1965 1.42
1966 1.50
1967 1.59
1968 1.63
1969 1.66
1970 1.90
1971 2.31
1972 2.50
1973 2.91
1974 3.91
1975 4.17
1976 4.55
1977 5.00
1978 5.37
1979 6.31
1980 7.46
1981 8.44
1982 9.30
1983 10.23
1984 15.39
1985 18.94
1986 19.16
1987 19.94
1988 22.70
1989 25.48
1990 28.58
1991 34.09
1992 37.04
1993 39.53
1994 43.63
1995 46.61
1996 50.10
1997 52.90
1998 57.78
1999 61.22
2000 63.65
2001 67.05
2002 68.88
2003 70.46
2004 73.86
2005 78.67
2006 82.99
2007 85.39
2008 92.45
2009 96.35
2010 100.00
2011 104.72
2012 107.89
2013 110.67
2014 114.66
2015 115.43
2016 116.88
2017 120.21
2018 126.48

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices