Ilocos Region’s inflation rate slows down to 1.8% in August
MALASIQUI, Pangasinan – Rate of price increases in Ilocos Region decelerated to 1.8 percent in August from month-ago’s 3.3 percent due to lower inflation in food and non-alcoholic beverages, transport, and education services, according to the Philippine Statistics Authority (PSA). PSA Ilocos regional director Sheila De Guzman, in virtual press conference on Wednesday, said slower upticks in the prices of cereals and cereal products, vegetables, tubers, plantains, cooking bananas drove the slower food inflation rate last month. Rice’s inflation rate in the region posted a lower rate of 10.4 percent in August from 23.6 percent in July; corn, from 35.6