Lilas Carmelle

Inflation Rate In 2024 Philippines News. Manila, philippines (updated 10:03 a.m.) — philippine inflation surged to 4.4% in july 2024, accelerating from last month's relatively mild 3.7%, the philippine statistics. 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 government.

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. Headline inflation dipped to 4.1% last month, its lowest in 20.