Average Inflation Rate Philippines 2024. This brings the average inflation in the province from january to august. The inflation rate of the country in february 2023 was posted at 8.6 percent (see table a) and the average inflation in the.

The philippines’ inflation rate slightly increased to 2.3% in october 2024 from 1.9% in september 2024, but is significantly lower than the 4.9% recorded in october 2023. The inflation rate in ncr continued to drop by reaching 2.8 percent in january 2024, down from 3.5 percent in december and 4.2 percent in november 2023.