2024 Inflation Rate Philippines Forecast. The philippines’ headline inflation or overall inflation increased to 3.8 percent in april 2024 from 3.7 percent in march 2024. Philippine inflation quickened in july to the fastest pace in nine months on higher utility prices as the central bank prepares to pivot to monetary easing as early.

The annual inflation rate in the philippines edged up to 3.9% in may 2024 from 3.8% in the previous month, coming less than market estimates of 4%. This brings the national average.