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THE country’s headline inflation for April 2024 has slightly gone up to 3.8 percent, the Philippine Statistics Authority said Tuesday, May 7, 2024.The April 2024 inflation is a point percent higher than the 3.7 percent in March 2024 but far lower than the one recorded in April 2023, which was at 6.6 percent. It is the fastest inflation over the past four months following the 3.9 percent inflation in December 2023. The country’s inflation rate in January stood at 2.8 percent and 3.
7 percent in March 2024 to 6.3 percent in April due to the year-on-year increase in the vegetables, tubers, plantains, cooking bananas and pulses index at 4.3 percent; and fish and other seafood with an inflation rate of 0.4 percent.It said faster annual increase was also recorded on the index of ready-made food and other food products not elsewhere classified from 4.3 percent in March 2024 to 4.8 percent.The agency noted, however, a lower annual growth rate in the index of rice from 24.
Inflation Inflation Rate April 2024 Inflation
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