QUEZON CITY, (PIA) -- The Philippine Statistics Authority (PSA) confirmed that inflation in the country has slowed down in the month of April.
According to PSA chief and National Statistician Claire Dennis Mapa, inflation dropped to 6.6% from 7.6 percent in March.
This is the third month of continuous decline in inflation in the country where it is also within the forecast range of the Bangko Sentral ng Pilipinas which is 6.3 to 7.1 percent.
Mapa explained that this is due to the slower price movement of food and non-alcoholic beverages including onions, galunggong and chicken.
Because from 9.3 percent inflation in March, it dropped to 7.9 percent this April.
Lower demand in diesel and gasoline also contributed to the slowdown in inflation.
A third contributor was the slowdown in electricity and LPG prices.
Core inflation also dropped to 7.9 percent
In the National Capital Region, headline inflation also dropped to 7.1 percent from 7.8 percent in March due to the slower movement of electricity and LPG prices. (PIA-NCR)