Tag: Philippine Statistics Authority
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Ilocos Region Sees Inflation Rise to 1.9% in October, Driven by Food Prices
The Ilocos Region experienced an increase in its inflation rate to 1.9% in October 2024, up from 0.6% in September, primarily due to rising food and non-alcoholic beverage prices, according to the Philippine Statistics Authority (PSA). During a virtual forum, PSA Ilocos Supervising Statistical Specialist Teresa Olarte highlighted that the food index inflation surged to…
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Baguio and Benguet Economies Surge Forward in 2023, Driven by Services Sector
In 2023, Baguio City and Benguet province, the two leading economic hubs in the Cordillera Administrative Region, experienced significant growth, fueled predominantly by the services sector. Baguio’s economy expanded by 9 percent, reaching a GDP of PHP169.12 billion, up from PHP155.11 billion the previous year. This growth not only outpaced the pre-pandemic levels by PHP16.26…
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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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