Davao Region's inflation hits 5.1%, as reported by the Philippine Statistics Authority (PSA). This is higher than the previous month's 3.9 percent, and the second lowest inflation rate in Mindanao. The main driver of this uptick is the faster price movement of food and non-alcoholic beverages, which saw an inflation of 8 percent.
DAVAO Region's inflation rate increased to 5.1 percent in September 2023 from the previous month's 3.9 percent, as reported by the Philippine Statistics Authority .Davao Region shares the second lowest inflation rate in Mindanao with Region 12 or Soccsksargen, while the lowest is in the Bangsamoro Autonomous Region in Muslim Mindanao at 5.1 percent this month.Notably, the average inflation for the Davao Region from January to September 2023 stood at 6.8 percent.
3 percent, while personal care and miscellaneous goods and services rose from 6.1 percent to 6.4 percent.Alcoholic beverages and tobacco experienced an increment from 14.7 percent to 15.2 percent, while furnishings, household equipment, and routine household maintenance showed a slight rise from six percent to 6.1 percent.Education services rose from 3.9 percent to four percent, and recreation, sport, and culture saw growth from 7.3 percent to 7.5 percent.
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