Inflation Rate Forecast Philippines 2024. This brings the national average inflation from january to july 2024 to 3.7 percent. The philippines’ headline inflation or overall inflation increased to 4.4 percent in july 2024 from 3.7 percent in june 2024.

Inflation rates are expected to temper between 3.2 and 3.6 percent in 2024 after ending 2023 at 6.0 percent, above the 2.0 to 4.0 percent target range set by the government. This increase was influenced by rice inflation, which.