The increase in the production of meat and the high demand for vegetables influenced the slower movement of inflation in Palawan and Puerto Princesa in November, says the Philippine Statistics Authority (PSA).
Supervising Statistical Specialist Donna Marie Mobe of PSA Palawan reported that the rate in the province decelerated to 1.7 percent from 2.5 in October, while Puerto Princesa hit 3 percent from 4.0 in October.
“Sa pag-increase ng production natin (meat), ang price ay bumaba. Then vegetables, high demand pero limited ang supply,” she said.
However, she added that the inflation rate for November has not yet reflected the demands of the holiday season in December.
The other contributing commodities are comprised of electricity, other pelagic fish, restaurants and cafés, pig meat, liquefied petroleum gas (LPG), onions, sweet potatoes, and bananas.
Observing the trend of inflation both in Palawan and Puerto Princesa, PSA recorded a decelerating movement from January to November.
“Ang pagbaba niya, makikita natin sya sa 2024 na nasa 1.7 na ang inflation ng Palawan. Kumpara last year na November nya is nasa 5.5, pababa ang trend ng inflation. Ngayong December, hindi natin masabi kung bababa siya kasi over the years ay iba-iba,” she added.
Similar to the bottom 30 percent of households in two areas, a decelerating trend is also observed, which is influenced by the commodity group of food and non-alcoholic beverages. Palawan recorded a rate of 1.1 percent, while Puerto Princesa City recorded 3.7 percent.
In contrast with the Palawan and Puerto Princesa movement of inflation, the MIMAROPA region accelerated from 2.6 percent in October to 3.0 percent in November. (PIA)
