2024 Inflation Rate Philippines Map. Philippines inflation rate for 2021 was 3.93% , a 1.53% increase from 2020. In its asian development outlook (ado) december 2024 report released wednesday, adb revised to 3.3 percent its inflation rate forecast for the philippines this year,.

“the 2024 inflation forecast is revised down to 3.3 percent from 3.6 percent and maintained at 3.2 percent in 2025,” the multilateral lender said in its asian development outlook december 2024. Historically, the average for the philippines from january 1995 to november 2024 is 4.59 percent.