Inflation Rate 2024 Philippines. Inflation continues to hit lower socioeconomic classes the hardest, with the inflation rate for the bottom 30% income households reaching 5.8% — the highest in 2024. Inflation rate in philippines averaged 8.02 percent from 1958 until 2024, reaching an all time high of 62.80 percent in september.

This brings the national average inflation from january to august 2024. The amro reported thursday that its gross domestic product (gdp) growth outlook for the philippines in 2024 is at 6.3 percent, which is the highest among the 10 asean.