Inflation Rate Philippines May 2024. May’s print is slower compared to the 6.1% rate recorded in may 2023. While inflation rates may fall—predicted to reach 4 percent in 2024—commodity prices may still remain elevated in the near term, a top concern for filipinos.

While inflation rates may fall—predicted to reach 4 percent in 2024—commodity prices may still remain elevated in the near term, a top concern for filipinos. The philippines’ headline inflation or overall inflation increased to 3.8 percent in april 2024 from 3.7 percent in march 2024.