Bicol Inflation Rate Declines to 0.6 Percent in November
Bicol: The inflation rate in the Bicol Region slightly decreased from 0.8 percent in October to 0.6 percent in November, the Philippine Statistics Authority-Bicol (PSA-5) reported on Tuesday. PSA-5 Regional Director Cynthia Perdiz attributed the decline primarily to a significant drop in the inflation rate of food and non-alcoholic beverages, which now stands at -2.0 percent. According to Philippines News Agency, key contributors to the overall inflation in November included restaurant and accommodation services, recording a 7.7 percent inflation rate and accounting for a 75.7 percent share. Other notable contributors were housing, water, electricity, gas, and other fuels with a