2024 Inflation Rate Philippines 2024. This brings the national average inflation. Data from the philippine statistics authority (psa) released march 5 showed that the philippines' headline inflation increased to 3.4 percent in february 2024 from 2.8.
The latest baseline forecasts show a slightly lower path compared to the previous monetary policy report (mpr). While the philippine economy grew by 5.6 per cent last year — the fastest rate in the region — headline inflation this year climbed to its highest in july, at 4.4 per cent.