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January 2023 inflation hits 8.7%

MANILA - The country's headline inflation rate in January 2023 increased to 8.7 percent from 8.1 percent in December 2022, Philippine Statistics Authority (PSA) Undersecretary Dennis Mapa reported Tuesday. Mapa said the rate of price increments of goods and services in January this year is also higher than the 3 percent inflation in January 2022. He said the main driver of inflation last month was housing, water, electricity, gas and other fuels, with inflation of 8.5 percent, and contributing 50.8 percent to the uptrend in January inflation. "The largest item that has the biggest weight in housing, water, electricity, gas and other fuels is the rental, housing rental. Because of the opening up of the economy, (in) January, I think they have adjusted the rates," he added in mixed English and Filipino. Mapa said rental rates in the past three years during the height of the pandemic have been stable, with inflation of 2.5 percent in 2020, 1.3 percent in 2021 and 2.5 percent ....

Philippines General , Dennis Mapa , Philippine Statistics Authority , National Capital Region , Undersecretary Dennis Mapa , Western Visayas , Manila The Country 39s Headline Inflation Rate In January 2023 Increased To 8 7 Percent From 1 December 2022 , Hilippine Statistics Authority Psa Undersecretary Dennis Mapa Reported Tuesday Said The Rate Of Price Increments Goods And Services In January This Year Is Also Higher Than 3 Percent Inflation 2022 He Main Driver Last Month Was Housing , As And Other Fuels , Ith Inflation Of 8 5 Percent , Nd Contributing 50 8 Percent To The Uptrend In January Inflation Quot Largest Item That Has Biggest Weight Housing , As And Other Fuels Is The Rental , Ousing Rental Because Of The Opening Up Economy , Mon January , I Think They Have Adjusted The Rates , Uot He Added In Mixed English And Filipino Mapa Said Rental Rates The Past Three Years During Height Of Pandemic Have Been Stable , Ith Inflation Of 2 5 Percent In 2020 , Hich Is Driven By More Expensive Prices Of Vegetables , Ubers And The Likes Milk , Ther Dairy Products And Eggs Fruits Nuts The Third Largest Contributor To Inflation In January 2023 Is Restaurants Accommodation Services Items With Faster Increase Prices Were Mostly From Food Basket , Ed By Fruits And Nuts Vegetables , Nd The Likes And Sugar , Onfectionery And Desserts On The Other Hand , Tems That Had Slower Inflation Last Month Include Rice Flour And Bread Oils Fats Ready Made Food Other Products In The National Capital Region Ncr Was At 8 6 Percent , Hile In Areas Outside Ncr Aoncr Was At 8 7 Percent Last Month The Biggest Contributor To Inflation Both And January Is Still Housing , As And Other Fuels Mapa Said Western Visayas Reported The Highest Inflation In January At 10 3 Percent Government Targets To Settle Within 2 5 4 This Year Despite High Start Of ,

Eastern Visayas inflation rate jumps to 6.3% in May

PRICE HIKES. Table shows the inflation in May 2022 recorded in Eastern Visayas and its six provinces. Eastern Visayas' official inflation rate rose to 6.3 percent in May, the highest acceleration recorded since November 2018, the Philippine Statistics Authority reported on Monday (June 13, 2022). (Photo courtesy of PSA) TACLOBAN CITY - Eastern Visayas' official inflation rate rose to 6.3 percent in May, the highest acceleration recorded since November 2018, the Philippine Statistics Authority (PSA) reported on Monday. PSA Eastern Visayas Regional Director Wilma Perante said the acceleration in the region's inflation rate in May 2022 was primarily due to increases in the cost of transport, housing, water, electricity, gas and other fuels, personal care, and miscellaneous goods and services. "That means that goods and services that cost PHP100 in May 2021 is already worth PHP106.3 in May 2022," Perante said in a phone interview Monday. Other contributors to the upwa ....

Southern Leyte , Philippines General , Wilma Perante , Philippine Statistics Authority , Visayas Regional Director Wilma Perante , Eastern Visaya , Cordillera Autonomous Region , Northern Samar , Eastern Samar , Price Hikes Table Shows The Inflation In May 2022 Recorded Eastern Visayas And Its Six Provinces 39 Official Rate Rose To 6 3 Percent , He Highest Acceleration Recorded Since November 2018 , He Philippine Statistics Authority Reported On Monday June 13 , 022 Photo Courtesy Of Psa Tacloban City Eastern Visayas 39 Official Inflation Rate Rose To 6 3 Percent In May , He Philippine Statistics Authority Psa Reported On Monday Eastern Visayas Regional Director Wilma Perante Said The Acceleration In Region 39s Inflation Rate May 2022 Was Primarily Due To Increases Cost Of Transport , As And Other Fuels , Personal Care , Nd Miscellaneous Goods And Services Quot That Means Cost Php100 In May 2021 Is Already Worth Php106 3 2022 , Uot Perante Said Ina Phone Interview Monday Other Contributors To The Upward Trend Of Region 39s Inflation Rate During Month Are Restaurants And Accommodation Services Information Communication Alcoholic Beverages Tobacco Furnishings , Household Equipment , Nd Routine Household Maintenance Recreation , Nd Culture And Health Perante Said Inflation Rate For Food Non Alcoholic Beverages Commodity Group Was At 6 1 Percent Meat Other Parts Of Slaughtered Land Animals Fruits Nuts Continued To Register Double Digit Rates 17 11 7 , Espectively Among Regions , Astern Visayas 39 Inflation Rate Last May Ranked Fourth Highest In The Country Cordillera Autonomous Region Registered At 6 9 Percent Of Six Provinces , Outhern Leyte Province Posted The Highest Rate At 8 7 Percent , Ollowed By Northern Samar 7 1 Percent , Eyte 6 7 Percent ,