The 1997 Asian Financial Crisis
Compare what a household peso amount represented before and after the crisis without treating the peso’s fall against the US dollar as the domestic inflation rate.
Example: ₱1,000 in 1997Enter a year and amount in Philippine pesos to estimate its value at 2025 prices. The main result stays in pesos; a recent exchange rate is used only for the optional comparisons below.
Price comparisons use annual data through 2025. Only optional currency conversions use a recent exchange rate.
An estimate based on prices in each yearPHP PHP
Tap to edit · drag to view values
Enter the peso amount shown on a payslip, receipt, ad, budget or family record from 1960 onward.
The calculator compares average Philippine consumer prices in the selected year with prices today. It does not use the peso–dollar exchange-rate change.
Use the answer as an estimate based on average consumer prices, then check region, wage rules and the particular good when those are central to the question.
Compare what a household peso amount represented before and after the crisis without treating the peso’s fall against the US dollar as the domestic inflation rate.
Example: ₱1,000 in 1997See what a historical daily wage would be worth today while keeping NCR and other regional wage orders separate.
Example: a day’s statutory pay in NCRTranslate an old grocery bill, school expense or rent entry into a national CPI baseline before researching the local item price.
Example: a ₱500 household bill in 1985Understand what the face amount could broadly buy at the time without presenting it as the collector value of the physical note.
Example: an older ₱100 or ₱1,000 banknoteIt compares average consumer prices in the selected year with prices today. The result shows roughly how much would now be needed to buy a similar mix of everyday goods and services.
You can enter Philippine peso amounts from 1960 onward. For an older wartime or post-war record, first identify the currency and date from a historical source.
No. CPI measures domestic consumer prices, while an exchange rate measures one currency against another. The two may interact but do not move by the same percentage.
PSA changed the CPI base year, basket and spending weights. That does not erase earlier price rises. Figures built on different base years must be joined using PSA’s published links or rates of change.
No. The national CPI is an average. Regional prices and household spending patterns can differ materially, especially for food, housing and transport.
It can show what a wage would be worth today, but Philippine minimum wages are set by region and sometimes by sector or establishment size. Use the wage order that actually applied.
No. Collector value depends on issue, condition, rarity and market demand. This site estimates what the face amount could broadly buy.
Using one year’s prices makes peso amounts from different years easy to compare on the same basis.