Core inflation · Philippines

Philippines Core Inflation Rate YoY

The Philippines Core Inflation Rate YoY measures the rise in consumer prices in the Philippines without the most volatile items, usually food and energy (definitions vary by country).

חשיבות
Medium
פורסם
Monthly
הפרסום הבא
מטבע
PHP · Philippine peso
בנק מרכזי
Bangko Sentral ng Pilipinas

הנתונים האחרונים

הפרסום האחרון, עבור OCT, יצא ב-2026-11-05 ועמד על 5.4%. זה מעל הקונצנזוס של 4.8%. זו עלייה מ-4.8% בפעם הקודמת (מעודכן).

A higher figure than expected makes Bangko Sentral ng Pilipinas more likely to keep rates high or raise them: it tends to support the Philippine peso and push bond yields up, and is often a weight on stocks.

ב-12 הפרסומים האחרונים הערך נע בין 2.4% ל-5.4%, בממוצע 3.7%. הנתון עולה שלושה פרסומים ברציפות.

Dec 2025: 2.4%Jan 2026: 2.4%Feb 2026: 2.8%Mar 2026: 2.9%Apr 2026: 3.2%May 2026: 3.9%Jun 2026: 4.1%Jul 2026: 4.4%Aug 2026: 4.2%Sep 2026: 4.1%Oct 2026: 4.7%Nov 2026: 5.4% Dec 2025Nov 2026
תוצאות בפועל; הקו הקצר על עמודה מסמן את הקונצנזוס.
פורסםעבורבפועלקונצנזוסקודם
5 Nov 2026OCT5.4%4.8%4.8% ®
6 Oct 2026SEP4.7%4.4%4.1%
4 Sep 2026AUG4.1%4.1%4.2%
5 Aug 2026JUL4.2%–4.4%
7 Jul 2026JUN4.4%4.1%4.1%
5 Jun 2026MAY4.1%4.2%3.9%
5 May 2026APR3.9%–3.2%
7 Apr 2026MAR3.2%–2.9%
5 Mar 2026FEB2.9%–2.8%
5 Feb 2026JAN2.8%–2.4%
6 Jan 2026DEC2.4%–2.4%
5 Dec 2025NOV2.4%–2.5%

לצפייה ביומן הכלכלי ←

למה זה חשוב

Food and energy prices jump with harvests and oil, then fall back. The core rate shows the underlying trend that Bangko Sentral ng Pilipinas can actually influence, so it often moves markets more than the headline. Services inflation, driven by wages, is the stickiest part.

איך זה מחושב

the Philippine Statistics Authority takes the consumer price index basket, removes the excluded items and re-weights the rest; the change is measured month on month and against the same month a year earlier.

Core inflation (yoy) = core index ÷ core index 12 months ago − 1

מה המשמעות של שינויים

  • A core rate falling towards the target lets Bangko Sentral ng Pilipinas ease; a stubborn core keeps rates high.
  • Monthly core changes of 0.2% compound to about 2.4% a year; 0.3% to about 3.7%.
  • Markets compare the figure with the consensus to one decimal; a 0.1-point surprise moves currencies.

גבוה מהצפוי: A higher figure than expected makes Bangko Sentral ng Pilipinas more likely to keep rates high or raise them: it tends to support the Philippine peso and push bond yields up, and is often a weight on stocks.

נמוך מהצפוי: A lower figure than expected gives Bangko Sentral ng Pilipinas room to cut or hold rates lower: the Philippine peso tends to soften and bond yields to fall.

היסטוריה קצרה

Economists Robert Gordon and others popularised excluding food and energy in the 1970s, when oil shocks made the headline rate misleading; most central banks now publish or watch a core measure.

שאלות

What is the Philippines Core Inflation Rate YoY?

The Philippines Core Inflation Rate YoY measures the rise in consumer prices in the Philippines without the most volatile items, usually food and energy (definitions vary by country).

What was the latest Philippines Core Inflation Rate YoY?

5.4% for OCT, published on 5 November 2026 (consensus 4.8%, previous 4.8%).

When is the next Philippines Core Inflation Rate YoY?

On Friday 4 December 2026 at 01:00 UTC.

תוכן לימודי בלבד, לא ייעוץ השקעות. הנתונים הם התוצאות שפורסמו כפי שנרשמו ביומן שלנו; תגובות השוק המתוארות אופייניות, לא מובטחות.