Inflation Rate Trends and Forecast for Philippines from 1990 to 2029

Inflation in the Philippines peaked at 19.4% in 1991, driven by political instability and economic adjustments following the People Power Revolution. The late 1990s Asian financial crisis caused inflation to rise to 9.4% in 1998. Stabilization efforts brought inflation down to a low of 0.7% in 2015. However, rising global oil prices and economic pressures contributed to a spike of 5.8% in 2022.

Projections indicate inflation will stabilize at 3.0% from 2026, reflecting improved fiscal policies and global economic recovery. This consistent outlook underscores the Philippines' resilience and efforts to maintain price stability.