2024 Inflation Rate Philippines

2024 Inflation Rate Philippines. Philippines inflation rate for 2021 was 3.93% , a 1.53% increase from 2020. The 3.7% rate reported by the philippine statistics authority on friday, april 5, is higher than february’s 3.4%, but lower than the 7.6% recorded in march 2023.

(1st update) by commodity, rice is the top contributor to the overall inflation rate in october 2024, as it increases to 9.6%. Inflation had decelerated to 1.9% in september, the slowest since may 2020 and below the central bank’s.