Inflation Rate Philippines July 2024. Philippines inflation rate for 2022 was 5.82%, a 1.89% increase from 2021. Inflation rate increased in july after a slowdown in june amid faster rise in utilities, food, and transportation costs during the period, according to the philippine statistics authority (psa) on tuesday.
The adb kept its inflation forecast for the philippines at 3.8 percent in 2024 and 3.4 percent in 2025. This brings the average inflation in the province from january to.