Food prices in the Philippines rose by 6.4 percent year-on-year in September 2021 following a 6.5 percent gain in the prior month which was the highest reading in six months. Cost slowed for both meat (15.6 percent vs 16.4 percent); fish (10.2 percent vs 12.4 percent); amid a drop in prices of fruits (-0.4 percent vs 0.1 percent). In contrast, prices accelerated for corn (10 percent vs 8.7 percent); other cereals, flour, cereal preparations (2 percent vs 1.8 percent); oils and fats (5.2 percent vs 4.8 percent); vegetables (16.2 percent vs 15.7 percent); milk, cheese, egg (0.7 percent vs 0.6 percent).; sugar, jam, honey, chocolate & confectionery (1.4 percent vs 1.2 percent), and food products, N.E.C (1.9 percent vs 1.6 percent). In addition, cost of rice was flat after falling 0.4 percent in August. source: Phillipine Statistics Authority
Food Inflation in Philippines averaged 4.74 percent from 1995 until 2021, reaching an all time high of 17.30 percent in July of 2008 and a record low of -0.90 percent in September of 2019. This page provides the latest reported value for - Philippines Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Food Inflation - values, historical data and charts - was last updated on October of 2021.
Food Inflation in Philippines is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Food Inflation is projected to trend around 3.00 percent in 2022, according to our econometric models.