MANILA, Philippines — Due to the decline in prices of food, drinks and transportation, the Philippine Statistics Authority (PSA) reported that the inflation rate in December 2018 dropped to 5.1 percent from 6.0 percent in November 2018.
Nevertheless, it is still higher compared with the 2.9 percent inflation rate of December 2017.
Metro Manila recorded a 4.8 percent inflation rate last December from a 5.6 percent rate reported in November.
Meanwhile, areas outside Metro Manila also registered a slow increase in prices of goods and services having recorded a 5.3 percent inflation rate in December.
Based on PSA’s report, the Cordillera Administrative Region registered the slowest inflation rate while the Autonomous Region in Muslim Mindanao (ARMM) has the highest annual rate at 7.5 percent. — Rosalie Coz | UNTV News & Rescue
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