CV inflation goes up to 2.7% in February

SunStar Publishing Inc.

CENTRAL Visayas experienced a slight uptick in its inflation rate, reaching 2.7 percent in February 2024, according to data gathered by the Philippine Statistics Authority in Central Visayas .PSA 7 chief statistical specialist Leopoldo Alfanta said on Tuesday, March 12, 2024, the figure is 0.2 percentage points higher than the 2.5 percent recorded in January this year.In comparison, in February 2023, the region faced a higher inflation rate of 7.4 percent.

Key factorsAlfanta said the uptrend in the regional inflation for the last month was primarily brought about by the faster year-on-year increase on food and non-alcoholic beverages at 2.9 percent in February 2024 from 2.2 percent in January 2024.Also contributing to the uptrend of the regional inflation was the faster year-on-year increase in the indices of transport with 1.8 percent from 0.5 percent; and personal care and miscellaneous goods and services with 4.7 percent from 4.

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