Inflation Rate 2024 Philippines. Inflation rate in philippines increased to 2.30 percent in october from 1.90 percent in september of 2024. Based on the central bank’s survey of external forecasters for october, mean inflation forecasts for 2024 and 2026 were unchanged at 3.4 and 3.2 percent, respectively,.

Inflation eased further to 2.8 percent in january 2024 from 3.9 percent in december 2023. Core inflation rate in philippines averaged 3.86 percent from 2001 until 2024, reaching an all time.