Leyte’s Inflation rate drops at 3.2 percent in March 2019
The inflation rate in Leyte dropped at 3.2 percent in March 2019, representing a decrease of 1.1 percentage point compared to the 4.3 percent inflation rate in the previous month. Furthermore, this month’s rate is lower by 2.3 percentage point compared with the 5.5 percent inflation rate in the same period of last year. This is the lowest inflation rate recorded in Leyte since March 2018. Leyte’s inflation rate was higher compared to region’s inflation rate since December 2018.
All of the commodity groups contributed to the 3.2 percent overall inflation rate except Education with 18.4 percent inflation to attribute the significant impact of the Universal Access to Quality Tertiary Education Act. The following major commodity groups contributed to the provincial inflation rate: Housing, water, electricity, gas and other fuels (5.8 percent); Furnishings, household equipment and routine maintenance of the house (5.1 percent); Health (4.7 percent); Food and non alcoholic beverages (4.4 percent); Recreation and Culture (4.2 percent); Alcoholic beverages and tobacco (2.8 percent); Clothing and Footwear (2.8 percent); Transport (2.4 percent); Restaurant and miscellaneous goods and services (1.9 percent); and Communication (0.4 percent).