Ilocos Region’s Inflation Rate Drops to 2.5 Percent in February 2025
Ilocos Region: The inflation rate in the Ilocos Region eased to 2.5 percent in February, a decrease from 2.9 percent in January, as price hikes in essential goods such as food and utilities slowed, according to the Philippine Statistics Authority (PSA) report released Thursday. According to Philippines News Agency, the February figure was 0.4 percentage points lower than the previous month but 0.5 percentage points higher than the 2.0 percent recorded during the same period last year. PSA Ilocos Region Director, lawyer Sheila de Guzman, noted that the slowdown was observed across several commodity groups, including food and non-alcoholic beverages