Inflation Rate Philippines 2024 News. The philippines’ headline inflation or overall inflation increased to 3.9 percent in may 2024 from 3.8 percent in april 2024. This brings the national average inflation from january to september 2024 to 3.4 percent.

The inflation rate in august 2024 was recorded at 3.3 percent. In september 2023, the inflation rate was higher at 6.1 percent.