Davao Fish Port Launches First-Ever Kadiwa Market

Ang Kadiwa Market sa Davao Fish Port ay nagpapakilala ng sariwang produkto sa mas madaling paraan para sa mga mamimili at komunidad.

Finance Chief: Philippine Remains Resilient Amid Global Trade Shifts

Batay kay Kalihim Recto, ang Pilipinas ay handang umangkop at magtagumpay sa pandaigdigang hamon, sa tulong ng CREATE MORE Act para sa pag-akit ng mamumuhunan.

More Baguio Folks Engage In Urban Agriculture For Food Sustainability

Ang mga Aralin at pagkakataon na ibinabahagi sa mga kabataan sa Baguio ay nagtuturo ng kahalagahan ng agrikultura at kung paano ito nakakaapekto sa kanilang kinabukasan.

328 Barangays Get Funding For Establishment Of Child Development Centers

Isang makabuluhang hakbang ang inihayag ni Pangulong Marcos para sa 328 barangays: pagbuo ng Child Development Centers upang matugunan ang mga kakulangan.

Mimaropa Posts Moderately Higher Inflation In March

Noong Marso, nakita ang kaunting pagtaas ng headline inflation sa rehiyon ng Mimaropa mula sa nakaraang buwan, na pangunahing dulot ng pagtaas ng presyo ng pagkain at mga hindi alkoholikong inumin, ayon sa ulat ng Philippine Statistics Authority (PSA).
By PAGEONE Business Today

Mimaropa Posts Moderately Higher Inflation In March

2673
2673

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Headline inflation in the Mimaropa region was moderately higher in March compared to the previous month, due mainly to an uptick in the food and non-alcoholic beverages segment, according to the Philippine Statistics Authority (PSA).

In a media release on Wednesday, PSA-Mimaropa reported that inflation in the five-province region climbed to 3.9 percent last month, which is half a percentage more than the 3.4 percent registered in February.

Aside from food and non-alcoholic beverages, which registered a 5 percent increase, price pressures in the region were also driven by the housing, water, electricity, gas, and other fuels cluster with a 3.8 percent growth, and the health segment, also with a 3.8 percent growth in March.

Romblon posted 7 percent inflation in March, the highest among the five provinces in the region.

It can be recalled that several municipalities in Romblon were still recovering from an outbreak of African swine fever (ASF) as of last month.

On the other hand, Marinduque posted the lowest March inflation at only 0.9 percent, PSA-Mimaropa further reported.

It pointed out that last month’s numbers were significantly lower than the figure registered in March 2023, when overall inflation in Mimaropa was at 8.8 percent.

“The region’s food index accelerated to 5.1 percent in March 2024, from 3.1 percent the previous month. In March 2023, the food inflation rate was higher at 11.2 percent. Moreover, the uptrend in March 2024 food index was mainly contributed by rice; at 22.9 percent inflation,” PSA-Mimaropa Director Leni Rioflorido said in her report.

She also noted that inflation in the vegetables, tubers, plantains, cooking bananas, and pulses (legumes) segment was actually at -1.9 percent last month. (PNA)