Inflation Rate Philippines July 2024. Manila, philippines — inflation in july accelerated to 4.4 percent, its highest level this year, from 3.7 percent in june, due mainly to faster increases in utility and food costs,. Inflation in october last year, however, was higher at 4.9 percent.
Inflation had decelerated to 1.9% in september, the slowest since may 2020 and below the central bank’s. Annual inflation in south korea is expected to have cooled to 1.4% in october, which would be the lowest since february 2021, while indonesia’s economy expanded at an annual.