For more than 17 year Philippines inflatin rate is higher. This is even more significant considering that the inflation rate assumption in the current stand-by program with the IMF (International Monetary Fund) is at 8.7% for April,” Central Bank Governor Gabriel Singson said in a press statement. This is even more significant considering that the inflation rate assumption in the current stand-by program with the IMF (International Monetary Fund) is at 8.7% for April,” Central Bank Governor Gabriel Singson said in a press statement.