Inflation Rate Forecast Philippines 2024

Inflation Rate Forecast Philippines 2024. Core inflation, which strips out volatile food and energy prices, was steady at 2.4%. Local food supply constraints and rising global commodity prices led to high inflation rates in early 2023.

Inflation is expected to average 6.2% in 2023 before easing to 4.0% in 2024, according to the report. Local food supply constraints and rising global commodity prices led to high inflation rates in early 2023.