Inflation Rate Forecast Philippines 2024. Inflation is expected to average 6.2% in 2023 before easing to 4.0% in 2024, according to the report. The inflation rate in february 2024 saw a modest uptick to 3.4% from 2.8% in january, within the bsp’s forecast of 2.8% to 3.6% for the month.
The 2022 average figure was 5.8%. Inflation is projected to average at 3.6 percent for 2024, slightly.
