| CORE INFLATION MEASURES, PHILIPPINES | |||||||
| 2000=100; percent changes year-on-year | |||||||
| YEAR/MONTH | OFFICIAL DEFINITION | ALTERNATIVE BSP ESTIMATES OF CORE INFLATION | |||||
| HEADLINE INFLATION | CORE INFLATION | TRIMMED MEAN 2 | WEIGHTED MEDIAN 3 | NET OF VOLATILE ITEMS 4 | |||
| 1995 | 6.7 | 6.4 | 7.4 | 7.3 | 3.4 | ||
| January | 5.8 | 6.8 | 6.8 | 6.3 | 3.5 | ||
| February | 5.0 | 6.0 | 6.4 | 6.8 | 3.1 | ||
| March | 5.6 | 6.3 | 6.5 | 6.4 | 3.5 | ||
| April | 5.6 | 6.4 | 6.7 | 5.9 | 3.5 | ||
| May | 6.3 | 6.7 | 7.2 | 7.6 | 3.5 | ||
| June | 6.6 | 6.4 | 7.4 | 7.9 | 3.3 | ||
| July | 6.4 | 6.3 | 7.4 | 7.5 | 3.3 | ||
| August | 6.8 | 6.3 | 7.2 | 7.2 | 3.3 | ||
| September | 8.8 | 6.8 | 7.9 | 7.3 | 3.6 | ||
| October | 8.8 | 6.8 | 8.2 | 8.4 | 3.4 | ||
| November | 8.1 | 6.0 | 8.7 | 8.6 | 3.2 | ||
| December | 8.1 | 5.9 | 8.8 | 8.4 | 3.3 | ||
| 1996 | 7.5 | 6.5 | 8.2 | 8.2 | 3.8 | ||
| January | 8.5 | 6.4 | 9.0 | 8.6 | 3.4 | ||
| February | 8.7 | 6.3 | 9.0 | 9.5 | 3.6 | ||
| March | 8.7 | 6.3 | 9.0 | 9.7 | 3.8 | ||
| April | 8.9 | 6.5 | 8.9 | 9.3 | 3.8 | ||
| May | 8.0 | 6.0 | 8.1 | 8.4 | 3.8 | ||
| June | 8.0 | 6.4 | 8.4 | 8.5 | 3.9 | ||
| July | 7.8 | 6.4 | 8.3 | 8.3 | 3.9 | ||
| August | 7.3 | 6.4 | 8.3 | 7.6 | 3.8 | ||
| September | 5.3 | 5.9 | 6.8 | 6.5 | 3.5 | ||
| October | 5.4 | 6.2 | 7.2 | 6.6 | 3.8 | ||
| November | 6.5 | 7.4 | 7.4 | 7.3 | 4.1 | ||
| December | 6.9 | 7.6 | 7.6 | 8.4 | 4.3 | ||
| 1997 | 5.6 | 6.7 | 6.4 | 5.6 | 3.6 | ||
| January | 5.6 | 6.6 | 6.3 | 5.9 | 3.6 | ||
| February | 5.3 | 6.3 | 6.2 | 5.2 | 3.4 | ||
| March | 5.4 | 6.2 | 6.3 | 5.7 | 3.3 | ||
| April | 5.1 | 6.0 | 5.9 | 5.4 | 3.3 | ||
| May | 5.0 | 6.0 | 5.8 | 5.5 | 3.3 | ||
| June | 5.6 | 6.7 | 6.4 | 6.7 | 3.5 | ||
| July | 5.4 | 6.6 | 6.3 | 6.4 | 3.4 | ||
| August | 5.3 | 6.3 | 5.6 | 4.6 | 3.4 | ||
| September | 5.8 | 6.9 | 6.6 | 4.7 | 3.7 | ||
| October | 5.9 | 7.3 | 6.9 | 5.5 | 4.0 | ||
| November | 6.4 | 7.8 | 7.5 | 5.5 | 4.4 | ||
| December | 6.2 | 7.9 | 7.3 | 5.8 | 4.4 | ||
| 1998 | 9.3 | 10.5 | 10.8 | 10.8 | 6.2 | ||
| January | 6.5 | 8.0 | 8.2 | 7.1 | 4.2 | ||
| February | 7.6 | 9.3 | 9.7 | 8.8 | 5.2 | ||
| March | 8.1 | 9.9 | 10.1 | 9.4 | 5.6 | ||
| April | 8.3 | 10.1 | 10.7 | 10.4 | 5.7 | ||
| May | 9.7 | 11.1 | 11.7 | 10.9 | 6.4 | ||
| June | 10.0 | 11.0 | 11.7 | 12.1 | 6.6 | ||
| July | 10.1 | 10.9 | 11.7 | 12.0 | 6.5 | ||
| August | 9.9 | 11.6 | 12.1 | 12.3 | 6.8 | ||
| September | 9.9 | 11.3 | 11.6 | 11.5 | 6.7 | ||
| October | 9.8 | 11.2 | 11.3 | 12.2 | 6.8 | ||
| November | 10.7 | 11.4 | 11.1 | 12.0 | 7.0 | ||
| December | 10.0 | 10.5 | 10.2 | 11.5 | 6.4 | ||
| 1999 | 5.9 | 6.7 | 5.3 | 5.3 | 3.9 | ||
| January | 10.5 | 10.2 | 8.6 | 8.8 | 6.4 | ||
| February | 9.0 | 8.9 | 7.3 | 7.6 | 5.4 | ||
| March | 7.7 | 8.2 | 6.3 | 6.3 | 5.0 | ||
| April | 7.1 | 7.7 | 6.2 | 5.3 | 4.6 | ||
| May | 5.8 | 6.5 | 5.2 | 4.9 | 3.8 | ||
| June | 4.9 | 6.4 | 4.7 | 4.4 | 3.4 | ||
| July | 4.8 | 6.3 | 4.6 | 4.0 | 3.6 | ||
| August | 4.7 | 5.6 | 4.2 | 4.5 | 3.0 | ||
| September | 4.9 | 5.5 | 4.4 | 4.7 | 3.0 | ||
| October | 5.0 | 5.3 | 4.6 | 4.3 | 2.9 | ||
| November | 3.6 | 4.6 | 3.8 | 4.3 | 2.5 | ||
| December | 3.9 | 4.9 | 3.9 | 4.4 | 2.8 | ||
| 2000 | 4.0 | 4.6 | 3.9 | 3.8 | 3.0 | ||
| January | 2.2 | 4.2 | 3.5 | 3.5 | 2.2 | ||
| February | 2.5 | 4.3 | 3.4 | 3.1 | 2.3 | ||
| March | 2.8 | 3.9 | 3.2 | 3.0 | 2.2 | ||
| April | 3.3 | 4.0 | 3.4 | 3.2 | 2.3 | ||
| May | 3.4 | 4.3 | 3.6 | 3.5 | 2.5 | ||
| June | 3.8 | 4.0 | 3.1 | 3.5 | 2.5 | ||
| July | 4.2 | 4.2 | 3.4 | 4.0 | 2.9 | ||
| August | 4.4 | 4.4 | 3.6 | 3.8 | 3.3 | ||
| September | 4.2 | 4.7 | 3.7 | 3.7 | 3.3 | ||
| October | 4.6 | 5.1 | 4.1 | 4.2 | 3.7 | ||
| November | 5.7 | 5.6 | 5.6 | 4.9 | 4.0 | ||
| December | 6.5 | 6.1 | 5.8 | 5.3 | 4.5 | ||
| 2001 | 6.8 | 6.9 | 6.3 | 6.0 | 4.9 | ||
| January | 7.5 | 6.6 | 6.2 | 5.5 | 5.0 | ||
| February | 7.4 | 6.9 | 6.2 | 5.5 | 5.0 | ||
| March | 7.6 | 7.2 | 6.4 | 6.3 | 5.1 | ||
| April | 7.4 | 7.4 | 6.3 | 6.0 | 5.3 | ||
| May | 7.4 | 7.3 | 6.5 | 6.1 | 5.3 | ||
| June | 7.2 | 7.3 | 6.9 | 7.0 | 5.5 | ||
| July | 7.4 | 7.6 | 7.2 | 7.2 | 5.6 | ||
| August | 7.0 | 7.4 | 7.3 | 6.9 | 5.3 | ||
| September | 6.8 | 7.1 | 6.7 | 6.5 | 5.1 | ||
| October | 6.1 | 6.5 | 6.1 | 5.9 | 4.4 | ||
| November | 5.0 | 6.1 | 5.1 | 4.8 | 3.9 | ||
| December | 4.5 | 5.6 | 4.5 | 4.6 | 3.4 | ||
| 2002 | 3.0 | 3.7 | 3.4 | 3.1 | 1.9 | ||
| January | 3.7 | 5.4 | 4.2 | 3.7 | 3.1 | ||
| February | 3.2 | 4.7 | 3.7 | 3.3 | 2.7 | ||
| March | 3.5 | 4.6 | 3.7 | 3.2 | 2.7 | ||
| April | 3.5 | 4.5 | 3.7 | 4.0 | 2.6 | ||
| May | 3.5 | 4.5 | 3.6 | 3.5 | 2.7 | ||
| June | 2.9 | 3.7 | 3.1 | 2.8 | 1.9 | ||
| July | 2.6 | 3.2 | 2.7 | 2.4 | 1.4 | ||
| August | 3.0 | 3.0 | 3.3 | 3.0 | 1.3 | ||
| September | 2.7 | 2.7 | 3.2 | 2.7 | 1.1 | ||
| October | 2.6 | 2.7 | 3.2 | 2.9 | 1.2 | ||
| November | 2.4 | 2.5 | 3.2 | 2.8 | 1.2 | ||
| December | 2.5 | 2.7 | 3.5 | 2.8 | 1.5 | ||
| 2003 | 3.5 | 3.4 | 3.2 | 3.2 | 3.2 | ||
| January | 2.8 | 2.7 | 2.7 | 3.1 | 2.4 | ||
| February | 3.2 | 2.8 | 3.0 | 3.5 | 2.9 | ||
| March | 3.0 | 2.7 | 2.7 | 2.9 | 3.0 | ||
| April | 3.3 | 3.0 | 3.1 | 3.2 | 3.0 | ||
| May | 3.4 | 3.0 | 3.2 | 3.5 | 2.8 | ||
| June | 3.9 | 3.7 | 3.7 | 3.5 | 3.2 | ||
| July | 3.7 | 3.6 | 3.2 | 2.9 | 3.3 | ||
| August | 3.4 | 3.7 | 3.1 | 3.3 | 3.4 | ||
| September | 3.6 | 3.9 | 3.2 | 3.0 | 3.6 | ||
| October | 3.6 | 3.8 | 3.2 | 2.8 | 3.4 | ||
| November | 3.9 | 3.9 | 3.6 | 3.3 | 3.5 | ||
| December | 3.9 | 3.8 | 3.6 | 3.5 | 3.4 | ||
| 2004 | 6.0 | 5.7 | 5.0 | 4.2 | 6.9 | ||
| January | 4.1 | 4.1 | 3.8 | 4.0 | 4.1 | ||
| February | 4.0 | 4.1 | 3.7 | 3.3 | 4.2 | ||
| March | 4.2 | 4.3 | 3.7 | 4.4 | 4.2 | ||
| April | 4.3 | 4.3 | 3.6 | 3.3 | 4.6 | ||
| May | 4.5 | 4.7 | 3.8 | 3.2 | 5.3 | ||
| June | 5.4 | 5.3 | 4.5 | 3.5 | 6.5 | ||
| July | 6.6 | 6.2 | 5.4 | 4.3 | 7.9 | ||
| August | 6.8 | 6.4 | 5.6 | 4.1 | 8.2 | ||
| September | 7.2 | 6.6 | 6.1 | 4.5 | 8.7 | ||
| October | 7.7 | 6.9 | 6.4 | 5.0 | 9.2 | ||
| November | 8.2 | 7.6 | 6.6 | 5.2 | 10.1 | ||
| December | 8.6 | 7.8 | 7.1 | 5.3 | 10.4 | ||
| 2005 | 7.6 | 7.0 | 6.2 | 5.6 | 8.8 | ||
| January | 8.4 | 7.9 | 6.8 | 5.8 | 9.9 | ||
| February | 8.5 | 8.1 | 7.0 | 6.0 | 9.9 | ||
| March | 8.5 | 8.0 | 6.8 | 6.0 | 9.8 | ||
| April | 8.5 | 7.8 | 6.7 | 5.9 | 9.8 | ||
| May | 8.5 | 7.6 | 6.5 | 6.1 | 9.5 | ||
| June | 7.6 | 7.1 | 6.1 | 5.6 | 8.7 | ||
| July | 7.1 | 6.8 | 6.0 | 5.6 | 8.3 | ||
| August | 7.2 | 6.6 | 5.8 | 5.1 | 8.1 | ||
| September | 7.0 | 6.5 | 5.8 | 5.2 | 7.9 | ||
| October | 7.0 | 6.3 | 5.7 | 5.2 | 7.9 | ||
| November | 7.1 | 6.1 | 6.0 | 5.6 | 8.0 | ||
| December | 6.7 | 5.8 | 5.6 | 4.8 | 7.5 | ||
| 2006 | 6.2 | 5.5 | 5.4 | 5.0 | 6.9 | ||
| January | 6.7 | 5.7 | 5.6 | 5.0 | 7.4 | ||
| February | 7.6 | 6.3 | 6.0 | 5.5 | 8.4 | ||
| March | 7.6 | 6.5 | 6.2 | 5.7 | 8.4 | ||
| April | 7.1 | 6.3 | 5.9 | 5.6 | 7.8 | ||
| May | 6.9 | 6.1 | 5.7 | 5.0 | 7.6 | ||
| June | 6.7 | 5.8 | 5.7 | 4.5 | 7.4 | ||
| July | 6.4 | 5.4 | 5.3 | 5.3 | 7.0 | ||
| August | 6.3 | 5.3 | 5.3 | 5.2 | 6.8 | ||
| September | 5.7 | 5.0 | 5.1 | 5.1 | 6.4 | ||
| October | 5.4 | 5.1 | 5.0 | 5.2 | 5.8 | ||
| November | 4.7 | 4.7 | 4.3 | 3.7 | 4.7 | ||
| December | 4.3 | 4.6 | 4.3 | 3.7 | 4.5 | ||
| 2007 | 2.8 | 2.8 | 2.6 | 2.3 | 2.7 | ||
| January | 3.9 | 3.9 | 3.8 | 3.3 | 4.1 | ||
| February | 2.6 | 3.0 | 2.7 | 2.5 | 2.6 | ||
| March | 2.2 | 2.6 | 2.2 | 1.8 | 2.4 | ||
| April | 2.3 | 2.6 | 2.2 | 2.2 | 2.5 | ||
| May | 2.4 | 2.6 | 2.3 | 2.3 | 2.5 | ||
| June | 2.3 | 2.5 | 2.2 | 2.0 | 2.4 | ||
| July | 2.6 | 3.0 | 2.3 | 2.0 | 2.6 | ||
| August | 2.4 | 2.9 | 2.1 | 1.9 | 2.5 | ||
| September | 2.7 | 2.7 | 2.4 | 2.4 | 2.3 | ||
| October | 2.7 | 2.4 | 2.3 | 2.1 | 2.4 | ||
| November | 3.2 | 2.3 | 2.8 | 2.6 | 2.9 | ||
| December | 3.9 | 2.6 | 3.5 | 2.8 | 3.6 | ||
| 2008 | 9.3 | 6.2 | 7.6 | 7.3 | 7.8 | ||
| January | 4.9 | 3.4 | 4.4 | 3.4 | 4.4 | ||
| February | 5.4 | 4.0 | 5.0 | 4.4 | 5.1 | ||
| March | 6.4 | 4.8 | 6.0 | 5.8 | 6.0 | ||
| April | 8.3 | 5.9 | 6.8 | 6.4 | 7.3 | ||
| May | 9.5 r | 6.2 | 7.6 | 7.6 | 8.0 | ||
| June | 11.4 | 6.6 | 8.7 | 8.3 | 8.8 | ||
| July | 12.3 r | 6.3 | 9.2 | 8.6 | 9.2 | ||
| August | 12.4 r | 7.0 | 9.8 | 9.4 | 9.9 | ||
| September | 11.8 r | 7.5 | 9.7 | 9.3 | 9.9 | ||
| October | 11.2 | 7.8 | 9.0 | 9.1 | 9.6 | ||
| November | 9.9 | 7.9 | 8.0 | 8.4 | 8.3 | ||
| December | 8.0 | 7.3 | 6.8 | 6.9 | 6.5 | ||
| 2009 | 6.4 | 5.9 | 5.6 | 5.4 | 4.8 | ||
| January | 7.1 | 6.9 | 6.2 | 5.9 | 5.8 | ||
| February | 7.3 | 6.4 | 5.9 | 5.3 | 5.5 | ||
| March | 6.4 | 5.6 | 5.3 | 5.6 | 4.3 | ||
| April | 4.8 | 5.0 | 4.8 | 4.9 | 3.6 | ||
| Notes: | |||||||
| 1 The official definition excludes 18.4 percent of the CPI basket as follows: rice, corn, fruits | |||||||
| & vegetables, fuel items, (gas, LPG, kerosene, gasoline and diesel). | |||||||
| 2 The trimmed mean represents the average inflation rate of the (weighted) middle 70 percent | |||||||
| in a lowest-to-highest ranking of year-on-year inflation rates for all CPI components. | |||||||
| 3 The weighted median represents the middle inflation rate (corresponding to a cumulative | |||||||
| CPI weight of 50 percent) in a lowest-to-highest ranking of year-on-year inflation rates. | |||||||
| 4 The net of volatile items method excludes the following items: educational services, fruits and | |||||||
| vegetables, personal services, rentals, recreational services, rice, and corn, | |||||||
| which represent 37.59 percent of all items. The series has been recomputed using a new methodo- | |||||||
| logy that is aligned with NSO's method of computing the official core inflation, which re-weights | |||||||
| remaining items to comprise 100 percent of the core basket after excluding non-core items. | |||||||
| The previous methodology retained the weights of volatile items in the CPI basket while keeping | |||||||
| their indices constant at 100.0 from month to month. | |||||||
| Sources of Basic Data: NSO, BSP-DER | |||||||