Inflation Rate In Philippines 2024. Inflation eased further to 2.8 percent in january 2024 from 3.9 percent in december 2023. Inflation in the philippines is expected to decelerate next year into the bangko sentral ng pilipinas’ target range of 2 percent to 4 percent.

The philippines’ headline inflation or overall inflation increased to 3.9 percent in may 2024 from 3.8 percent in april 2024. This brings the national average inflation from january to july 2024 to 3.7 percent.