Inflation Rate In 2024 Philippines. The inflation rate in august 2024 was recorded at 3.3 percent. Inflation dropped to 2.8% in january from december’s 3.9%.
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. 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.