Inflation Rate Philippines 2024 April. We retain our yearend average inflation forecast at 4.3% (with a downward bias), owing to persistent upside risks to inflation from rising rice prices, the effects of el niño, and emerging geopolitical risks. Headline inflation or the overall inflation in the philippines slowed down further to 6.6 percent in april 2023 from 7.6 percent in march 2023.

This brings the national average inflation from january to april 2024 to 3.4. Press conference on the september 2024 inflation.