April 2010 inflation slows down at 5.0%
Manila (27 May) -- The April 2010 headline inflation rate of Samar continues to slow down at 5.0 percent despite the double-digit increase in fuel, light and water rates. This brings the average inflation rate at 5.6 from periods January to April of this year.
The data was contained in a press release from the National Statistics Office (NSO) Samar.
It added that the core inflation, marginally increased to 3.9 percent in April compared to that of March of the same year.
Inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
"Slower increase in the prices of food, beverage and tobacco in April helped level inflation brought about primarily the 5.8 percent increase in non-food items, " Acting Socioeconomic Planning Secretary and NEDA Director-General Augusto B. Santos was quoted.
Fuel, light and water accounted for a large part of the increase in prices over previous years
Finally the report stated that electricity distributors in the country declared an increase in power rates during the month to higher prices of electricity purchased from the Wholesale Electricity Spot market (WESM).
This is also true with SAMELCO, Samar's electricity distributor. (PIA-Samar with NSO) [top]