Inflation Rate Philippines 2024. Headline inflation in september fell sharply to its lowest rate in more than four years, driven by a slower rise in costs for food, transport, housing, and utilities like water and electricity, the philippine statistics authority (psa). The inflation rate in ncr continued to drop by reaching 2.8 percent in january 2024, down from 3.5 percent in december and 4.2 percent in november 2023.
Philippines inflation rate for 2022 was 5.82%, a 1.89% increase from 2021. The philippines’ headline inflation increased to 2.5% in november 2024, up from 2.3% in october 2024, the philippine statistics authority (psa) reported on thursday,.
