\nBUTUAN CITY: From 2.7 percent in February, the inflation in the Caraga Region spiked to 3 percent last month, the Philippine Statistics Authority in the region (PSA-13) said Monday.<\/p>\n
However, PSA-13 said this year’s March inflation was lower at 7.3 percent compared to the same period last year.<\/p>\n
Housing, water, electricity, gas, and other fuels were identified as the primary sources of the acceleration of inflation in the region, which registered -4.1 inflation last month compared to -5.4 in February.<\/p>\n
‘The housing, water, electricity, gas, and other fuels logged a 55.1 percent uptrend share to last month’s inflation,’ the PSA report said.<\/p>\n
Other causes of increased inflation last month were food and non-alcoholic beverages and transport.<\/p>\n
Food and non-alcoholic beverages accounted for a 23 percent share of last month’s inflation uptrend, and transport at 16.8 percent.<\/p>\n
In general, PSA-13 said food and non-alcoholic beverages are the inflation’s main contributors in the region, posting 6.3 percent and contrib
\nuting a 94.5 percent share in last month’s inflation.<\/p>\n
Furnishings, household equipment, and routine household maintenance also posted a 2.7 percent increase in March from 2.5 percent in February.<\/p>\n
The agency added that health was also a factor in last month’s inflation uptrend, with a 1.3 percent increase compared to 1.2 percent in February.<\/p>\n
Constant inflation was also recorded in education services at 1.7 percent and in financial services at -0.3 percent.<\/p>\n
Source: Philippines News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
BUTUAN CITY: From 2.7 percent in February, the inflation in the Caraga Region spiked to 3 percent last month, the Philippine Statistics Authority in the region (PSA-13) said Monday.<\/p>\n
However, PSA-13 said this year’s March inflation was lower at 7.3 pe…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n