Inflation Rate Philippines 2024 News Article. Following four straight months of rising inflation, the rate of increase in the prices of goods and services finally eased to 3.7% in june. The 3.7% rate reported by the philippine statistics authority on friday, april 5, is higher than february’s 3.4%, but lower than the 7.6% recorded in march 2023.

Manila, philippines (updated 10:03 a.m.) — philippine inflation surged to 4.4% in july 2024, accelerating from last month’s relatively mild 3.7%, the philippine statistics. However, due to upside risks, the bsp raised its inflation forecasts to 5.6 percent from 5.4 percent for 2023, 3.3 percent from 2.9 percent for 2024 and 3.4 percent from 3.2.