Inflation Rate Forecast Philippines 2024

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Inflation Rate Forecast Philippines 2024. The inflation report is also forecast to show a modest 0.1% increase in the overall cpi from a month earlier. (figure 1, and tables a, b, 5, 6, and 12)


Inflation Rate Forecast Philippines 2024

In june 2023, inflation rate was higher at 5.4 percent. While inflation eased on a national level, it inched up for the philippines’ poorest.

The 2022 Average Figure Was 5.8%.

This brings the national average inflation from january to april 2024 to 3.4 percent.

For This Year, The Bsp Has Revised The Inflation Forecast Lower Compared To The Last Policy Meeting.

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 government.

Inflation Rate Forecast Philippines 2024 Images References :

The Rate For The Bottom 30% Income Households Was At 5.5% In June From 5.3% In May.

“imf raises philippine growth rate forecast,” international monetary fund, july.

Local Food Supply Constraints And Rising Global Commodity Prices Led To High Inflation Rates In Early 2023.

In january 2023, inflation rate was posted at 9.7 percent.

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