ROXAS CITY, Capiz (PIA) – The monthly inflation rate in the province of Capiz continues to positively decline as the prices of food and non-alcoholic beverages eases up.
Philippine Statistics Authority (PSA) OIC Senior Statistical Specialist Rosiebelle Beluso, during the PIA Kapihan, said the inflation rate of 4.3 in August 2024 has declined to 3.2 in September.
“So makita natun dira ang September sang last year masyado kataas ang aton inflation at 6.2, while ang sa August nag 4.3 and then ang September nagnubo siya to 3.2,” she added as she compared the inflation rate of September 2023 to August 2024 and September 2024.
(As we can see our inflation rate as of September of last year was very high at 6.2 while in August 2024 it became 4.3, and it again decreased to 3.2 in September 2024.)
Beluso also noted that the province’s average inflation rate from January to September is 3.8.
Based on the data given by the PSA, the only major commodity group with a higher inflation was alcoholic beverages and tobacco with 3.3 compared to the 2.4 in the previous month.
“Ang major commodity nga food and non-alcoholic beverages and mind you dako dako ni siya ya nga percentage 47.6 percent gid na siya of the total index,” Beluso added as it declined from 6.9 to 5.5 in September.
(The major commodity, food, and non-alcoholic beverages has the highest percentage of 47.6 percent in the total index.)
The prices in other major commodity groups such as housing, water, electricity, gas, and other fuels; furnishing, household equipment, and routine household maintenance; health; transportation; recreation, sport and culture; and personal care, and miscellaneous goods and services also decreased.
Moreover, there are some commodities whose prices stay the same like clothing and footwear; financial services; information and communication; education services; and restaurants and accommodation services.
Further, Beluso also stated that these prices will not be the same as the prices in December, which are expected to rise due to the holidays. (AGP/PLF/PIA Capiz)
