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Manila Bulletin devider devider ARMM's inflation rate rises to 9%

ARMM's inflation rate rises to 9%

Published Oct 5, 2018 02:33 pm
By Antonio L. Colina IV DAVAO CITY – The inflation rate in the Autonomous Region in Muslim Mindanao (ARMM) accelerated to 9% in September 2018, the highest among five regions in Mindanao and the second highest in the country, data released by the Philippine Statistics Authority (PSA) on Friday showed. (MANILA BULLETIN) (MANILA BULLETIN)mm   The region’s inflation rate last month rose from 8.1% in August this year. The highest in the country was Bicol Region (10.1%) and the lowest was Central Luzon (4.5%). The Soccsksargen (8.2%) was the second highest in Mindanao, followed by Davao Region (7.9%), Zamboanga Peninsula (7.7%), Northern Mindanao (6.9%), and Caraga (6.1%). The country’s inflation rate continued to increase to 6.7% in September from 6.4% in August 2018, primarily caused by “the heavily-weighted food and non-alcoholic beverages index which further accelerated to 9.7 percent in September 2018.” Annual increases were also higher in the indices of alcoholic beverages and tobacco, 21.8%; clothing and footwear, 2.5%; furnishing, household equipment and routine maintenance of the house, 3.6%; health, 4.1%; transport, 8%; communication, 0.5%; and recreation and culture, 3%. But the PSA reported that the annual markup in housing, water, electricity, gas, and other fuel index decelerated to 4.6 percent while education, restaurant, and miscellaneous goods and services sustained their annual figures of the previous month.  
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