Inflation 2024 Philippines Food. Finance secretary ralph recto said the government is working double time to protect the purchasing power of the filipino people from high food prices and keep inflation. Cost of food in philippines increased 3.40 percent in november of 2024 over the same month in the previous year.
This increase was attributed to higher inflation rates for meat (4.8% from. Adb, meanwhile, kept its growth outlook for the country at 6 and 6.2 percent for 2024 and 2025, respectively.