Share to Facebook Share to Twitter More...

The inflation rate in December 2018 decreases to 5.1 percent

Philippine Statistics Authority reported that the inflation rate in December 2018 decreases to 5.1 percent.

This fact will somehow bring a smile to the faces of many Filipinos who affected greatly by the high prices of commodities in the previous months.

PSA’s recorded inflation rate last April 2018 was 4.5 percent. However, it continued to soar high until October last year with 6.7 percent.

Inflation rate december 2018

On the other hand, it decreased to 6.0 percent in November last year, based on a previous report.

The good news continues as PSA reported the December 2018 inflation rate is 5.1 percent.

According to the Twitter post of the agency, this is the lowest recorded annual rate since June 2018.

PSA also stated that six out of eleven major commodity groups posted slower annual increases in December 2018 while three major commodities retained their previous month’s annual rates.

The three major commodities which retained their annual rates are:
– Communication, 0.4 percent
– Recreation and Culture, 3.2 percent
– Education, -3.8 percent

In clothing and footwear, higher annual increments were noted at
2.8 percent and health at 4.8 percent in December 2018.

Furthermore, the highest annual rate of 7.5 percent was seen in Autonomous Region in Muslim Mindanao (ARMM), among regions outside NCR.

The inflation rate in NCR in December 2018 further eased to 4.8 percent, based on the report.

What can you say about this?

Share to Facebook Share to Twitter More...

comment(s) for this post "Breaking News: December 2018 Inflation Rate Decreases To 5.1%". Tell us what you think abut this post by leaving your comments below.

{ 0 comments… add one }

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.