Inflation Rate Philippines July 2024. Philippines inflation rate for 2022 was 5.82% , a 1.89% increase from 2021. Asked if executive order 62 helped reduce the prices of rice, psa undersecretary claire dennis mapa.
The inflation rate in august 2024 was recorded at 3.3 percent. Inflation rate increased in july after a slowdown in june amid faster rise in utilities, food, and transportation costs during the period, according to the philippine statistics authority.