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Bacolod City, Philippines Wednesday, February 6, 2019
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WV inflation slows down
BY MARK L. GARCIA

 

The inflation rate in Western Visayas slowed down at 4.1 percent last month, a decrease of 1.6 percent compared to 5.7 percent in December, Philippine Statistics Authority records released in the PSA website showed yesterday.

Based on the records, the inflation rate of Western Visayas had a slower start in 2019 with 4.1 percent, 0.3 percent lower than the national average at 4.4 percent.

Compared to other regions in the Visayas, Region 6 has a lower inflation rate compared to Central Visayas, which is at 4.4 percent, but higher than Eastern Visayas which had 4.1 percent.

The current 4.4 percent national inflation rate average is 0.7 percent lower than in December’s 5.1 percent.

PSA also recorded that the Cordillera Administrative Region has the lowest inflation in January at 3.1 percent, while the Autonomous Region of Muslim Mindanao has the highest at 6.1 percent.

Inflation rates of various commodity groups decreased which contributed to the slowdown of the average in Region 6, while alcohol beverages and tobacco had the lowest decline by 9.1 percent, from 26.6 percent in December to 17.5 percent last month.

While food and non-alcoholic beverages are at 5.9 percent from 8.3 percent, clothing and footwear at 0.9 from 1.1 percent, housing, water, electricity, gas, and other fuels at 2.3 from 2.7 percent, furnishing, household equipment and routine maintenance of the house at 2.4 from 2.3, health are 1.3 from 1.4 percent;

Transport at 0.9 percent from 2.4 percent, communication maintained 0.5 percent inflation rate in December and January, recreation and culture at 3 from 2.9 percent, education stayed at -0.6 percent, and restaurant and miscellaneous goods and services at 2.6 percent from 2.7 percent.

The commodity price index in WV is at 120.5 from 120.6 in December, records added.

PSA said in a press release that the slow down of the national inflation rate average is due to the slowdown in the annual increment of the index for the heavily-weighted food and non-alcoholic beverages at 5.6 percent, from 6.7 percent in December 2018.*

 

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