Inflation Rate 2024 Philippines Map. Inflation eased further to 2.8 percent in january 2024 from 3.9 percent in december 2023. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or.
Adb said inflation is expected to remain within the bangko sentral ng pilipinas’ (bsp) 2.0 percent to 4.0 percent target. 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.