Tag: Consumer Price Index
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Philippine Statistics Authority Plans to Update Inflation and GDP Base Year to 2023
The Philippine Statistics Authority (PSA) is set to revise the base year for calculating the consumer price index (CPI) and gross domestic product (GDP) from 2018 to 2023, according to National Statistician Dennis Mapa. This announcement was made during a briefing at the PSA’s office in Quezon City. The change is expected to be implemented…
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Bacolod City and Negros Occidental See Inflation Rates Decline in November
In a recent report from the Philippine Statistics Authority (PSA), it was revealed that inflation rates in Bacolod City and Negros Occidental have decreased in November. Bacolod City experienced a reduction in its inflation rate to 2.7 percent from 3.2 percent the previous month, while Negros Occidental saw its rate fall to 3 percent from…
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Bacolod City Sees Inflation Drop to 3.2% in October
In Bacolod City, the inflation rate for all income households has decreased to 3.2% in October, down from 3.9% in September and a significant drop from 5.7% in August, according to a recent report from the Philippine Statistics Authority (PSA) in Negros Occidental. This decline is primarily due to a slight reduction in the prices…
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