The inflation rate in Ilocos slowed to 6.7 percent in March as a result of falling prices in an array of products and services in the region, according to the Philippine Statistics Authority. | jmichaelmgsINQ /PDI
Overall food index in the Ilocos region slightly dipped to 9.9 percent in March from 10.9 percent, with cereals and cereal products decreasing to 4.7 percent from 5.6 percent in February, rice to 3.0 percent from 4.3 percent, and meat to 2.5 percent from 3.9 percent.
Inflation in vegetables, tubers, plantains, cooking bananas, and pulses eased to 30.6 percent from 42.0 while sugar, confectionery, and desserts decreased to 41.2 from 44.6, the PSA data showed. “The rest of the indices exhibited increases from their previous month’s inflation rates or had zero percent annual growths,” the PSA noted.
Among the provinces in the region, Pangasinan posted the highest inflation rate at 7.7 percent in March, followed by Ilocos Sur and Ilocos Norte at 6.0 percent and 5.4 percent, respectively. The lowest inflation rate was registered in La Union at 4.9 percent. INQ
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