Inflation Rate 2024 Philippines News. Headline inflation in december returned to target at 3.9%, but average inflation for 2023 was 6%, well above the central bank's 2% to 4% target. The latest rate is lower than both the 4.4% in july.

Inflation accelerates to 2.3% in october 2024. The latest result was less than market consensus of 3.6%, as food prices rose the least since the start of the year (3.9% vs 6.4% in.