Bicol inflation rate decelerates to 4.2% in August
LEGAZPI CITY – The inflation rate in the Bicol Region slowed to 4.2 percent in August from 4.4 percent in July, according to a report from the Philippine Statistics Authority 5 (PSA-Bicol) on Monday. Ray Merjilla, officer-in-charge of the PSA’s Statistical Operation and Coordination Division (SOCD), said last month’s figure brought the region’s average inflation rate for January to August to 3.8 percent. In comparison, the inflation rate in August 2023 was recorded at 4.4 percent. Merjilla attributed the downtrend in August inflation to the slower rise in prices for food and non-alcoholic beverages, which increased by 5.4 percent compared