Philippines annual inflation rate was at 0.4 percent in October of 2015, the same pace as in the previous month and below market expectations. It is the lowest figure since April 1987, as an increase in cost of transport and a slower decline in cost of housing and utilities offset a further slowdown in cost of food and non-alcoholic beverages. Inflation Rate in Philippines averaged 8.72 percent from 1958 until 2015, reaching an all time high of 62.80 percent in September of 1984 and a record low of -2.10 percent in January of 1959. Inflation Rate in Philippines is reported by the National Statistics Office of Philippines.