Inflation Rate Philippines 2024 Today. The inflation rate year over year is 2.3% (compared to 1.9% for the previous month). Core inflation rate in philippines averaged 3.86 percent from 2001 until 2024, reaching an all time.

Data from psa showed that the country’s inflation rate significantly slowed to 2.8 percent in january 2024 from 3.9 percent in december 2023. Overall food inflation went up to 4.6% from 3.5%.