Inflation Rate 2024 Philippines Graph. This is the lowest inflation rate since the 1.6 percent inflation rate recorded in may 2020. 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 changed at specified intervals, such as yearly.

The philippines’ headline inflation or overall inflation slowed down further to 4.7 percent in july 2023 from 5.4 percent in june 2023. Graph and download economic data for inflation, consumer prices for the philippines (fpcpitotlzgphl) from 1960 to 2023 about philippines, consumer, cpi, inflation, price index, indexes, and price.