Caraga’s Low-Income Household Inflation Rate Drops to -1.3%
Caraga: The inflation rate for the bottom 30 percent of income households in the Caraga Region decreased to -1.3 percent in June, the Philippine Statistics Authority (PSA) 13 (Caraga) reported Thursday. This marks a significant improvement from the previous month’s rate of 0.6 percent, indicating better price conditions for low-income households in the area. According to Philippines News Agency, the deflation was primarily driven by a decline in the year-over-year growth rate of prices in the food and non-alcoholic beverage group. This category saw a drop to -3.5 percent last month from -2.4 percent in May. A major factor contributing