Inflation in Aklan increased by 2.2% last year –Report

Posted by watchmen
May 17, 2018

The Aklan Philippine Statistics Authority (PSA) recently released their inflation report for 2017, which showed the province saw a 2.2 percent rise in inflation, or the rate in which the price of goods and services is increasing.

Various food groups saw big jumps in prices, including a 9.1 percent increase in the price of fish, six percent for vegetables, and 5.1 percent on meat.

However, the report also found the price of rise remained steady, recording a 0.1 percent drop.

Eight of the 11 commodity groups saw prices go up, with the highest hitting alcoholic beverages and tobacco, at 6.7 percent. Furnishings and house maintenance, meanwhile, saw an increase of 3.8 percent. Transport also went up by three percent.

Earlier, the Philippine government revealed economic growth in the first quarter of 2018 amounted to 6.8 percent, which was lower than their seven to eight percent targets. Economists pointed to inflation as the reason for the lower figures./WDJ

PSA-Aklan data collectors gather information on commodity prices twice a month.


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