Inflation Rate Forecast Philippines 2024

Inflation Rate Forecast Philippines 2024. Inflation rates are expected to temper between 3.2 and 3.6 percent in 2024 after ending 2023 at 6.0 percent, above the 2.0 to 4.0 percent target range set by the. Inflation is expected to average 6.2% in 2023 before easing to 4.0% in 2024, according to the report.

The philippines is likely to continue its stable growth trajectory in the medium term, although inflation and elevated interest rates remain major risks to this. Inflation is projected to average at 3.6 percent for 2024, slightly.