Inflation Rate 2024 Philippines. This brings the national average inflation from january to may 2024 to 3.5 percent. Food inflation for corn that feeds cattle and other farm animals dropped to 7.9 percent in august from 10.6 percent in july, while flour and bread products had a 3.4 percent inflation rate last.

In the latest “in brief,” global source partners country analysts diwa guinigundo and wilhelmina mañalac noted that inflation increased to 4.4 percent in july 2024 and slowed to 3.1 percent. (figure 1, and tables a, b, 5, 6, and 12)