ILOILO City – Inflation in Western Visayas accelerated to 4.6 percent in March 2022, from 3.3 percent in the previous month.
In March 2021, inflation in Western Visayas stood at 4.4 percent.
All provinces and cities in Western Visayas registered higher inflation rates during March 2022 compared to the previous month.
Negros Occidental registered the highest inflation rate of 7.3 percent in March 2022 while Iloilo had the lowest inflation rate of 1.9 percent.
The two highly urbanized cities in the region have the same inflation rate of 4.3 percent.
Commodity groups with higher inflation rates in March 2022 compared to February 2022 were:
* Food and Non-Alcoholic Beverages – 5.4 percent;
* Alcoholic Beverages and Tobacco – 6.1 percent;
* Housing, Water, Electricity, Gas, and Other Fuels – 3.2 percent;
* Furnishing, Household Equipment and Routine Household Maintenance – 2.3 percent;
* Transport – 7.9 percent
* Restaurants and Accommodation Services – 4.4 percent
Conversely, inflation rates were lower in March 2022 compared to the previous month in the indices of the following commodity groups:
* Clothing and Footwear – 1.8 percent;
* Health – 1.7 percent;
* Information and Communication – 0.9 percent
* Recreation, Sport and Culture – 3.3 percent
Meanwhile, the commodity groups Education Services, Financial Services, and Personal Care, and Miscellaneous Goods and Services retained their previous month’s inflation rates. (PSA-6)
