2024 Inflation Rate Philippines News. Inflation rate in philippines averaged 8.03 percent from 1958 until 2024, reaching an all time high of 62.80 percent in. This brings the national average inflation.

The amro also forecast that inflation for 2024 will settle at 3.6 percent, falling within the government’s target of 2 percent to 4 percent. Inflation continues to hit lower socioeconomic classes the hardest, with the inflation rate for the bottom 30% income households reaching 5.8% — the highest in 2024.