Inflation Rate 2024 Philippines March. The component for rice, a staple in the philippines, hit 24.4% in march, its steepest increase since 24.6% in february 2009. Food inflation, at 5.7%, reached its highest since november 2023.
Inflation is projected to average at 3.6 percent for 2024, slightly lower by 0.1 percentage point (ppt). The consumer price index for philippines is 126.3 for the month of september 2024.