Inflation Rate Philippines 2024 News. “meanwhile, core inflation which excludes volatile items, held steady at 1.8 per cent in october 2024 as compared to september 2024,” he noted. The central bank kept its benchmark rate steady at 6.5% in the final two meetings of last year, after hiking rates by a total of 450 basis points since may 2022 to rein in inflation.

Household consumption in the philippines will rebound due to easing inflation and loosening monetary policy, bank of america (bofa) global research said. Inflation had decelerated to 1.9% in september, the slowest since may 2020 and below the central bank’s 2% to 4% target range.