Inflation Rate (IR) in Eastern Visayas increased to 3.5 percent in August 2021, the highest in the region of the last 12 months. This IR is 0.3 percentage point higher compared with the 3.2 percent IR in July 2021. This August IR of the region is also 1.2 percentage points higher than the recorded 2.3 percent IR in the same period last year.
In comparison with the national average IR, the regional IR is still lower by 1.4 percentage points than the 4.9 percent national IR in August 2021.
BY COMMODITY GROUP
Transport commodity group continued to post the highest IR at 9.3 percent. This was followed with the IR of alcoholic beverages and tobacco commodity group (7.1%), and housing, water, electricity, gas and other fuels commodity group (5.1%). All the other commodity groups have IR lower than the IR for all items recorded at 3.5 percent.
PURCHASING POWER OF PESO