Philippines
Compared with Iceland, using real observed prices.
Baseline: 
Iceland = 1×
Philippines
vs
Iceland
Overall verdict
Philippines is about 0.91× Iceland.
Average across 2 categories, 6 items with data
The shape of prices (vs Iceland = 1×)
How to read this
The centre line is Iceland. A bar running right means Philippines is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than Iceland
Iceland = 1×
Philippines is pricier →
Iceland
Iceland = 1×
Philippines is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Philippines, Electricity 1kWh (household) costs 1.2× what it does in Iceland — but Diesel 1L costs only 0.7×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Electricity 1kWh (household) 1 kWh ×1.17Philippines
ISK 26
USD 0.209Iceland
ISK 22
USD 0.179
-
Gasoline 1L 1 L ×0.77Philippines
ISK 167
USD 1.322Iceland
ISK 218
USD 1.727
-
Diesel 1L 1 L ×0.67Philippines
ISK 159
USD 1.261Iceland
ISK 237
USD 1.878
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+19%
in PHP
142 → 169
142 → 169
vs
At today's rateUsing today's exchange rate
+4%
in ISK
It rose 19% in local currency, but 4% in yours. Most of what you feel is the exchange rate, not Philippines's inflation.
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