Inflation Rate Forecast Philippines 2024. At least one more cut is seen likely in 2024. Economists polled by the bangko sentral ng pilipinas (bsp) expect inflation to average at 3.9 percent in 2024, lower than its previous forecast of four percent due.

Since 2022, the philippines has faced rising in f lation due to a spike in global commodity prices and supply chain disruptions. The philippines’ headline inflation or overall inflation increased to 3.7 percent in march 2024 from 3.4 percent in february 2024.