Inflation Rate Philippines April 2024. While the annual rise was below market expectations, it supports the bangko sentral ng pilipinas’ (bsp) decision to maintain its hawkish pause, analysts said. Philippines inflation rate for 2022 was 5.82%, a 1.89% increase from 2021.
This brings the average inflation rate from january to april 2023 to 7.9 percent. It is the fastest inflation over the past four months following the 3.9 percent inflation in december 2023.
Philippines Inflation Rate For 2021 Was 3.93% , A 1.53% Increase From 2020.
This increase was influenced by rice inflation, which accelerated to 24.4 percent from 23.7 percent, and meat inflation increased to 2.0 percent from 0.7 percent.
(Figure 1, And Tables A, B, 5, And 14)
In march 2023, inflation rate was higher at 7.6 percent.
Inflation Rate Philippines April 2024 Images References :
This Increase Was Influenced By Rice Inflation, Which Accelerated To 24.4 Percent From 23.7 Percent, And Meat Inflation Increased To 2.0 Percent From 0.7 Percent.
The national economic and development authority (neda) said the inflation slowdown was due to the easing of energy and transport costs.
The Inflation Report Is Also Forecast To Show A Modest 0.1% Increase In The Overall Cpi From A Month Earlier.
April’s figure was the highest inflation rate since december 2023.