Consumer Price Index for Philippines
DDOE02PHA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.21
Year-over-Year Change
52.71%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index (CPI) for the Philippines measures changes in the prices of a basket of consumer goods and services. It is a key indicator of inflation that helps guide economic policy and investment decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for the Philippines is a comprehensive measure of the average change in prices paid by consumers for a fixed basket of goods and services. It is used to track cost-of-living changes and assess the purchasing power of the Philippine peso.
Methodology
The Philippine Statistics Authority collects price data from a sample of retail establishments and households to calculate the CPI.
Historical Context
The Philippine CPI is closely monitored by the Central Bank of the Philippines to help set monetary policy and manage inflation.
Key Facts
- The Philippines CPI uses a base year of 2018.
- The CPI covers over 10,000 retail establishments nationwide.
- Housing, food, and transportation are the largest expenditure categories in the Philippines CPI basket.
FAQs
Q: What does the Consumer Price Index for the Philippines measure?
A: The Philippines CPI measures the average change in prices paid by consumers for a fixed basket of goods and services. It is the key indicator of inflation in the country.
Q: Why is the Philippines CPI relevant for users and analysts?
A: The CPI is a crucial metric for understanding the cost of living, purchasing power, and inflationary pressures in the Philippine economy. It informs monetary policy, wage negotiations, and investment decisions.
Q: How is the Philippines CPI data collected and calculated?
A: The Philippine Statistics Authority collects price data from a sample of retail establishments and households to calculate the CPI on a monthly basis.
Q: How is the Philippines CPI used in economic policy?
A: The Central Bank of the Philippines closely monitors the CPI to help set monetary policy and manage inflation in the country. The CPI is a key input for decisions on interest rates and other economic interventions.
Q: Are there any limitations or delays in the Philippines CPI data?
A: There is typically a 2-3 week delay in the release of the monthly Philippines CPI data. The index may also be subject to revisions as additional price information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index for Philippines (DDOE02PHA086NWDB), retrieved from FRED.