TACLOBAN CITY- The Philippine Statistics Authority (PSA) reported that the region’s inflation rate last month stood at 2 percent.
The latest inflation rate is relatively lower compared to previous month’s 2.1 percent inflation rate, Wilma Perante, PSA regional director said.
The decline of the regional inflation rate was due to the decrease of prices of basic commodities like rice, she added.
The April inflation rate of Eastern Visayas is said to be the third lowest among the country’s regions.
Among the provinces, Leyte posted the fastest increase on prices of goods and services at 3.5 percent, followed by Southern Leyte, 2.0 percent, Eastern Samar, 1.8 percent and Northern Samar at 1.6 percent.
Inflation rate refers to the increase of prices of goods and services over a period of time. (APRIL Q. UYKIENG, STUDENT INTERN – ASIAN DEVELOPMENT FOUNDATION COLLEGE)