Inflation Forecast Philippines 2024. Khor said “it would be good for the philippines” to be in tune with the united states. The amro also forecast that inflation for 2024 will settle at 3.6 percent, falling within the government’s target of 2 percent to 4 percent.
Inflation had decelerated to 1.9% in september, the slowest since may 2020 and below the central bank’s 2% to 4% target range. The philippines posted a growth rate of 6.3% in the second quarter of 2024—the fastest in five quarters—on the back of strong consumption activities.
