Samar posts lowest inflation rate, Leyte and Southern Leyte highest
Calbayog City (19 February) -- Samar province posted the lowest inflation rate, while Leyte and S. Leyte posted the highest inflation.
Inflation rate in Eastern Visayas continuously declined from 20.0% in July 2008 to -0.3% in August 2009, this report comes from the National Economic Development Authority (NEDA) as presented during the Regional Development Council (RDC) meeting today at the new Calbayog Sports Center.
Inflation rate inched up to 1.0% in September 2009 which they claim could be attributed to the increase in the prices of fuel.
In August, the NEDA report bared that the consumer price index (CPI) of fuel was recorded at 216.1 rising to 220.6 the following month.
Further, the report cited that inflation rate this quarter significantly lowered to 19.8 percentage points.
The third quarter 2008 inflation rate showed an average of 20.1% This quarter's average was only 0.3%.
As regards Samar's inflation rate, it compared that in the same period last year, Samar then posted the highest inflation rate.
NEDA attributed this to the high prices of fuel and poor road condition along Maharlika Highway.
With the road completion late last year, statistics dramatically changed.
Meanwhile, among the provinces in the region, Northern Samar and Southern Leyte recorded the highest CPI this period, higher than the regional average.
Northern Samar CPI is higher by 10.8 while S. Leyte by 8.3 pulls down the purchasing power of peso in both provinces below the regioal average of 0.61. (PIA-Samar/NEDA) [top]