2024 Inflation Rate Philippines Forecast. The annual inflation rate in the philippines fell to 3.3% in august 2024 from 4.4% in the prior month, pointing to the lowest reading since january. Local food supply constraints and rising global commodity prices led to high inflation rates in early 2023.
The annual inflation rate in the philippines fell to 3.3% in august 2024 from 4.4% in the prior month, pointing to the lowest reading since january. While inflation rates may fall—predicted to reach 4 percent in 2024—commodity prices may still remain elevated in the near term, a top concern for filipinos.
