Philippine headline inflation climbed to 2.5 percent in November 2024 from 2.3 percent in October, bringing the national average to 3.2 percent for January–November 2024.
The Bangko Sentral ng Pilipinas said its Monetary Board will adopt a “calibrated approach” for its interest rate policy despite the government announcing that September inflation had dropped to 1.9 percent — its lowest level since May 2020.