Inflation Rate Philippines May 2024. Inflation rate in the philippines eased to 3.7 percent in june 2024 from 3.9 percent in may, the philippine statistics authority said friday. Inflation eased further to 2.8 percent in january 2024 from 3.9 percent in december 2023.
Philippines inflation rate for 2021 was 3.93% , a 1.53% increase from 2020. May’s result marked the highest inflation rate since december 2023 and the fourth consecutive rise in price.