Makrognosis

Philippines Core Inflation Rate

MonthlyNot seasonally adjustedCode PH.CPICORE.M.NSA

Latest (y/y)5.4%October 2026
Previous (y/y)4.8%September 2026
Level136.4October 2026

Philippines Core Inflation Rate was up 5.4% year on year in October 2026, compared with 4.8% in September 2026.

The level stood at 136.4 (index 2018=100).

That is the highest reading since September 2023.

Among the 50 economies Makrognosis covers on this measure, it is the 6th highest.

Over the past available history it has ranged from 1.8% (Jan 2022) to 8.0% (Mar 2023), averaging 3.7%.

Philippines Core Inflation Rate, annual % change, Jan 2019 – Oct 20260%2%4%6%8%20192020202120222023202420252026Robomacro
Philippines Core Inflation Rate, annual % change, Jan 2019 – Oct 2026. Source: Philippine Statistics Authority (PSA) OpenSTAT.
Philippines Core Inflation Rate, level (index 2018=100)90100110120130140201820192020202120222023202420252026Robomacro
Philippines Core Inflation Rate, level (index 2018=100).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
October 2026136.45.4
September 2026135.44.8
August 2026134.54.1
July 2026134.04.2
June 2026133.84.4
May 2026133.24.1
April 2026132.83.9
March 2026131.73.2
February 2026131.22.9
January 2026130.92.8
December 2025130.02.4
November 2025129.72.4
October 2025129.42.5
September 2025129.22.6
August 2025129.22.7
July 2025128.62.3
June 2025128.22.2
May 2025128.02.2
April 2025127.82.2
March 2025127.62.2
February 2025127.52.4
January 2025127.32.6
December 2024127.02.8
November 2024126.62.5

Last 24 observations. The full history (106 observations) is available through the API.

Get Philippines Core Inflation Rate in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PH.CPICORE.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PH.CPICORE.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationJanuary 2018
Observations106
FrequencyMonthly
Unitsindex 2018=100
AdjustmentNot seasonally adjusted
10-year high8.0% (Mar 2023)
10-year low1.8% (Jan 2022)
10-year average3.7%
Source agencyPhilippine Statistics Authority (PSA) OpenSTAT
Makrognosis codePH.CPICORE.M.NSA

Core Inflation Rate: how Philippines compares

#EconomyPeriodLatest
1ArgentinaSep 202631.6%
2TurkeyOct 202628.5%
3RomaniaSep 20267.0%
4IcelandSep 20266.8%
5KosovoSep 20266.2%
6PhilippinesOct 20265.4%
7MontenegroSep 20264.8%
8SerbiaSep 20264.7%
9GreeceOct 20264.7%
10BulgariaOct 20264.5%
11MexicoOct 20263.8%
12GeorgiaSep 20263.7%

Core Inflation Rate by country: all 50 economies ranked →

Other Philippines indicators

Philippines GDP (Gross Domestic Product)Philippines Inflation Rate (CPI)Philippines Unemployment RatePhilippines Credit Rating & Sovereign Risk ScorePhilippines Industrial ProductionPhilippines Producer Price Inflation (PPI)Philippines Trade Balance: Goods & ServicesPhilippines Exports of goods, FOB (PSA OpenSTAT IMTS 0012L4DFTS0), USD millionPhilippines Imports of goods, CIF (PSA OpenSTAT IMTS 0012L4DFTS0), USD millionPhilippines Government Debt to GDPPhilippines BSP Target Reverse Repurchase Rate (policy rate)Philippines CMWPI All Items NCR (2018=100, PSA)Philippines GDP in US DollarsPhilippines Labor Force Participation RatePhilippines PHP per USD, monthly average (BSP reference rate)Philippines Philippine Peso per US Dollar

FAQ

What is the current core Inflation Rate in Philippines?
The latest reading is 5.4% year on year for October 2026, published by Philippine Statistics Authority (PSA) OpenSTAT.
Where does this data come from?
It is collected directly from Philippine Statistics Authority (PSA) OpenSTAT and is available through the Makrognosis API under the code PH.CPICORE.M.NSA.

Last updated 2026-11-06. Source: Philippine Statistics Authority (PSA) OpenSTAT. Original title: “Philippines Core CPI All Items (2018=100, PSA)”.