2024 Inflation Rate Philippines. Philippines inflation rate for 2022 was 5.82%, a 1.89% increase from 2021. Since 2022, the philippines has faced rising in f lation due to a spike in global commodity prices and supply chain disruptions.
The latest figure is higher than the 3.7% recorded in june 2024, but lower than the 4.7% rate in july 2023, the philippine statistics authority said in a press. The association of southeast asian nations plus 3 macroeconomic research office has kept its growth forecasts for the philippines for 2024 and 2025, but inflation.