Inflation Rate March 2024 Philippines. Manila, philippines — the country's inflation accelerated to 3.7%, driven by increased food and transportation costs, according to the philippine statistics authority's. The philippines’ headline inflation or overall inflation increased to 3.7 percent in march 2024 from 3.4 percent in february 2024.

The 3.7% rate reported by the philippine statistics authority on friday, april 5, is higher than february’s 3.4%, but lower than the 7.6% recorded in march 2023. The component for rice, a staple in the philippines, hit 24.4% in march, its steepest increase since 24.6% in february 2009.