Prices: Consumer Price Index for Philippines
PHLPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
4.00%
Date Range
1/1/1990 - 1/1/2029
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 and helps policymakers monitor price stability.
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 Philippine CPI tracks the weighted average change in prices paid by consumers for a representative basket of goods and services. It is used to assess changes in the cost of living and inform monetary policy decisions by the central bank.
Methodology
The Philippine Statistics Authority collects price data from retail outlets across the country to calculate the CPI on a monthly basis.
Historical Context
The CPI is a crucial metric for evaluating the effectiveness of the central bank's inflation targeting framework.
Key Facts
- The base year for the Philippine CPI is 2018.
- The CPI basket includes over 700 consumer goods and services.
- The Philippines targets an inflation rate of 2-4% per annum.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for the Philippines measures changes in the prices of a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Philippine CPI is a key indicator of inflation that helps policymakers and analysts assess changes in the cost of living and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The Philippine Statistics Authority collects price data from retail outlets across the country to calculate the CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: The CPI is a crucial metric for the central bank's inflation targeting framework, which aims to maintain price stability in the Philippines.
Q: Are there update delays or limitations?
A: The Philippine CPI data is published with a short delay, typically within a few weeks of the end of each month.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for Philippines (PHLPCPIPCPPPT), retrieved from FRED.