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PSA: Inflation for Bohol’s bottom 30% income households dip

 



TAGBILARAN CITY, Bohol (PIA) — For the 4th consecutive month, effects of the price increases especially for the bottom 30 percent income households in the province continue to dip, this time at 0.3 percentage points from its January inflation rate of -1.0.

According to the Philippine Statistics Authority (PSA), Bohol’s inflation rate for the bottom 30 percent income households is 2.8 percent lower than the national rates and 3.0 percent lower than the regional inflation rate for this group.

Provincial statistician Jessamyne Anne Alcazaren, during the monthly Inflation Rate Data Dissemination for February 2025, showed that the February 2024 inflation rate for this income group was at 9.8 percent high.

As to the sustained dive of the overall inflation for the bottom 30 percent income households in Bohol, the PSA credits this to the lower year-on-year average growth rate of transport and restaurants and accommodation.

Also contributing to the eased prices for the sectors are the tame movements of the price of alcoholic beverages and tobacco as well as recreation, sports, and culture.

The main contributors to the domestic movement in the overall inflation for the bottom 30 percent income households in Bohol in February was food and non-alcoholic beverages, which dented so much on the family spending, especially for the bottom 30 percent.

Food inflation for the bottom 30 percent income households slightly rose to -3.3 percent from -3.4 percent in January.

However, with rice posting lower inflation rates at -9.6 percent from -7.4 percent, corn at -14.5 percent for -5.9 percent, meat and other parts of slaughtered animals at 2.4 percent from 2.9 percent, these helped dampen the higher inflation of fish and other seafoods at 4.1 percent in February from -0.9 percent in January.

Fish and other seafood, vegetables, tubers, plantains, cooking bananas and pulses also joined the fray with 1.0 percent inflation in February as against -2.9 percent in January.

Meat and other parts of slaughtered animals stayed at a tamer 2.4 percent from 2.9 percent , plus the option for milk and other dairy products and eggs also proved to be more beneficial with -2.6 percent from -1.3 percent. (RAHC/PIA7 Bohol)

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