Inflation Rate In 2024 Philippines Flag. In its asian development outlook (ado) december 2024 report released wednesday, adb revised to 3.3 percent its inflation rate forecast for the philippines this year,. The philippines' headline inflation increased to 2.5% in november 2024, up from 2.3% in october 2024, the philippine statistics authority (psa) reported on thursday,.
Inflation continues to hit lower socioeconomic classes the hardest, with the inflation rate for the bottom 30% income households reaching 5.8% โ the highest in 2024. A few days ago, the bsp slashed key rates by 25 basis points, the second time for 2024, bringing the target reverse repurchase rate to six percent from 6.25 percent.