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Bacolod City, Philippines Thursday, December 6, 2018
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WV inflation rate down 1%
BY MARK L. GARCIA

 

The inflation rate in the Western Visayas decelerated by one percent in November, from 7.7 percent on October to 6.7 percent last month, records from the Philippine Statistics Authority showed yesterday.

Its report released on the PSA website said inflation in Western Visayas is at 6.7 percent, 0.7 percent higher than the national average of 6 percent in November.

The national average dropped by 0.7 percent from October’s rate of 6.7 percent, with almost all the regions showed a decrease in their respective inflation rates, except Central Luzon which remained at 4.4 percent since the previous record, the lowest inflation among regions.

Almost all the commodity groups in Western Visayas also showed a decrease in inflation rates, with food and alcoholic beverage declining the most by 1.6 percent from 11.4 in Oct. to 9.8 percent in November.

The alcoholic beverages and tobacco commodity group also lowered by 1.1 percent, from 28.5 to 27.5, clothing and footwear by 0.2, from 1.5 to 1.3, housing, water, electricity, gas, and other fuels by 1.1, from 3.9 to 2.8, transport by 1.4, from 7 to 5.6, recreation and culture by 0.1, from 3.2 to 3.1, restaurant and miscellaneous goods and services by 0.4, from 3.5 to 3.1, and education by 0.2, from -0.4 to -0.6 percent.

Meanwhile, furnishing, household equipment and routine maintenance of the house commodity group remained at 4.5. percent with communication at 0.1 percent, and health at 1.3 percent.

In its report, PSA also said that the annual headline inflation in the Philippines exhibited a slower pace of 6.0 percent in November 2018. Its annual rate in the previous month was 6.7 percent and in November 2017, 3.0 percent, it said.

The highest annual mark-up of 8.9 percent was still observed in the Bicol Region. Inflation rates in other regions were 5.6 for National Capital Region, 4.5 for Cordillera Administrative Region, 8 for Ilocos Region, 7 for Cagayan Valley, 5.8 for CALABARZON, 7.7 for MIMAROPA, 6 for Central Visayas, 5.2 for Eastern Visayas;

7.2 for Zamboanga Peninsula, 6.9 for Northern Mindanao, 6.3 for Davao Region, 6.9 for SOCCSKSARGEN, 5.6 for CARAGA, and 7.7 percent for Autonomous Region in Muslim Mindanao.*

 

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