Cost of food in Philippines increased 6.70 percent in December of 2018 over the same month in the previous year. Food Inflation in Philippines averaged 4.92 percent from 1995 until 2018, reaching an all time high of 17.30 percent in July of 2008 and a record low of -0.80 percent in November of 1999.
Food Inflation in Philippines is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Philippines to stand at 4.20 in 12 months time. In the long-term, the Philippines Food Inflation is projected to trend around 3.90 percent in 2020, according to our econometric models.