Inflation Rate Forecast Philippines 2024. Inflation rates are expected to temper between 3.2 and 3.6 percent in 2024 after ending 2023 at 6.0 percent, above the 2.0 to 4.0 percent target range set by the. The philippines’ headline inflation or overall inflation slowed down further to 1.9 percent in september 2024.
Core consumer prices in philippines increased 2.40 percent in september of 2024 over the same month in the previous year. The “favorable” outlook on inflation gives the central bank the flexibility to continue its policy easing path, bpi said.