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).
- Важность
- Medium
- Опубликовано
- Monthly
- Следующая публикация
- Валюта
- PHP · Philippine peso
- Центральный банк
- Bangko Sentral ng Pilipinas
Последние данные
Последняя публикация, за OCT, вышла 2026-11-05; значение: 5.4%. Это выше консенсус-прогноза 4.8%. Это выше, чем 4.8% в прошлый раз (пересмотрено).
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.
За последние 12 публикаций значение колебалось от 2.4% до 5.4%, в среднем 3.7%. Показатель рос три публикации подряд.
| Опубликовано | Для | Факт | Консенсус | Предыдущее |
|---|---|---|---|---|
| 5 Nov 2026 | OCT | 5.4% | 4.8% | 4.8% ® |
| 6 Oct 2026 | SEP | 4.7% | 4.4% | 4.1% |
| 4 Sep 2026 | AUG | 4.1% | 4.1% | 4.2% |
| 5 Aug 2026 | JUL | 4.2% | – | 4.4% |
| 7 Jul 2026 | JUN | 4.4% | 4.1% | 4.1% |
| 5 Jun 2026 | MAY | 4.1% | 4.2% | 3.9% |
| 5 May 2026 | APR | 3.9% | – | 3.2% |
| 7 Apr 2026 | MAR | 3.2% | – | 2.9% |
| 5 Mar 2026 | FEB | 2.9% | – | 2.8% |
| 5 Feb 2026 | JAN | 2.8% | – | 2.4% |
| 6 Jan 2026 | DEC | 2.4% | – | 2.4% |
| 5 Dec 2025 | NOV | 2.4% | – | 2.5% |
Почему это важно
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.
Как считается
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 − 1Что означают изменения
- 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.
Выше ожиданий: 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.
Ниже ожиданий: 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.
Краткая история
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.
Вопросы
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.
Только образовательный материал, не инвестиционная рекомендация. Цифры — опубликованные результаты в том виде, в каком их записал наш календарь; описанные реакции рынка типичны, но не гарантированы.