2024 Inflation Rate Philippines Forecast. For next year, the adb expects inflation to ease further to 3.2 percent, also lower than its earlier forecast of 3.4 percent. 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.
This brings the national average inflation from january to. Local food supply constraints and rising global commodity prices.