Inflation Rate Philippines 2024 Forecast. The adb lowered its inflation forecast for the philippines to 3.6 per cent in 2024 from its april estimate of 3.8 per cent. The philippines’ headline inflation or overall inflation increased to 3.7 percent in march 2024 from 3.4 percent in february 2024.

The philippines’ headline inflation or overall inflation eased to 3.3 percent in august 2024 from 4.4 percent in july 2024. Local food supply constraints and rising global commodity prices led to high inflation rates in early 2023.