The Philippine Statistics Authority reported that the country’s inflation rate is 1.9 percent, with Western Visayas having the highest rate among the regions in September.
Records showed that while the Philippines breached 1 percent inflation, Western Visayas posted 3.4 percent, the highest compared to all regions ranging from 0.6 to 2.8 percent.
In August, the region posted 4.9 percent and it decreased by 1.5 percent in September but remained the highest in the country.
Western Visayas’ average inflation was attributed to the following commodities: food and non-alcoholic beverages, and alcoholic beverages and tobacco at 3.3 percent, clothing and footwear at 3.8, housing, water, electricity, gas, and other fuels at 5.6, health at 3.1 percent;
Transport at 2.1 percent, information and communication at 0.9, recreation, sports and culture at 3.8, education services at 8.1, restaurants and accommodation services at 6.1, financial services at 1, and personal care and miscellaneous goods and services at 2.8 percent.
PSA records also stated that Central Visayas had an average inflation of 2.1 percent and Eastern Visayas at 1.8 percent.
The Philippines’ headline inflation or overall inflation slowed down further to 1.9 percent in September
This is the lowest inflation rate since the 1.6 percent inflation rate recorded in May 2020.
The inflation rate in August 2024 was recorded at 3.3 percent, bringing the national average inflation from January to September to 3.4 percent.*