Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Iloilo News Archive Description An account of the resource News, old and new, about Iloilo Province Subject The topic of the resource Iloilo Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document ILOILO City – The province of Iloilo’s inflation rate increased by 5.6 percent from July to August 2024, data released by the Philippine Statistics Authority (PSA) in Western Visayas showed. Among the six provinces, only Iloilo recorded an increase in inflation, the PSA’s summary inflation report on the Consumer Price Index in Western Visayas for August 2024 stated. In contrast, Capiz registered the lowest at 4.3 percent. For the highly urbanized cities in the region, Iloilo City’s inflation rate increased to 3.7 percent in August 2024 from 1.8 percent in the previous month. On the other hand, Bacolod City’s inflation rate dropped to 5.6 percent in August 2024 from 6.2 percent in July 2024. Western Visayas’ headline inflation was 4.8 percent in August 2024, similar to the rate recorded in July 2024. The regional average inflation rate from January to August 2024 is 3.8 percent. In August 2023, the inflation rate was higher at 6.1 percent. The top three commodity groups contributing to the Western Visayas’ inflation rate of 4.8 percent in August 2024 include food and non-alcoholic beverages with 53.9 percent share or 2.58 percentage points; housing, water, electricity, gas, and other fuels with 21.4 percent share or 1.03 percentage points, and restaurants and accommodation services with 7.8 percent share or 0.38 percentage point. On the other hand, food inflation in Western Visayas decreased to 6.5 percent in August 2024, from 7.4 percent in July 2024. The main drivers to the overall regional inflation rate include alcoholic beverages and tobacco, which rose to 3.7 percent from 3.1 percent; clothing and footwear, which hiked 3.6 percent from 3.5 percent; Housing, water, electricity, gas, and other fuels, which increased to 5.6 percent from 1.1 percent; In contrast, lower inflation rates were noted in the commodity groups this month, including food and non-alcoholic beverages, at 6.2 percent from 7.0 percent; Furnishings, household equipment, and routine household maintenance, 2.4 percent from 2.5 percent; Transport, which rose by 0.7 percent from 4.1 percent; and education services, which increased to 7.3 percent from 11.5 percent. The monthly inflation rate in the index of financial services was recorded at a constant rate of 1.0 percent from January to August 2024. The deceleration of food inflation in August 2024 was due to slower annual growth in the index of cereals and cereal products with a 12.1 percent inflation rate in August 2024 from 14.6 percent in July 2024. It was followed by meat and other parts of slaughtered land animals’ food group with a 13.1 percent inflation rate from 15.3 percent in July. Fish and other seafood groups also contributed to the downtrend with -2.7 percent inflation rate in August from -2.0 percent in July. Lower inflation rates were also noted in sugar, confectionery, and desserts at -4.0 percent from -3.7 percent. Meanwhile, the top three food groups with the highest contribution to food inflation of 6.5 percent during the month include cereals and cereal products with 65.1 percent share or 4.23 percentage points; meat and other parts of slaughtered land animals with 26.3 percent share or 1.71 percentage points, and fruits and nuts with 6.9 percent share or 0.45 percentage point. The income of households in Western Visayas accelerated to 5.9 percent in August 2024 from 5.5 percent in July 2024. Likewise, the inflation rate for the Bottom 30% income households was higher in August 2023, at 7.1 percent. The increase in the inflation rate for the bottom 30 percent of income households was primarily brought about by the higher annual growth in the index of housing, water, electricity, gas, and other fuels at 7.6 percent in August 2024 from -0.1 percent in July 2024. This was followed by restaurants and accommodation services with a faster annual growth of 6.0 percent inflation rate from 5.5 percent in the previous month. The alcoholic beverages and tobacco commodity group with a higher inflation rate of 4.2 percent during the month from 3.6 percent in July also contributed to the inflation rate hike./PN Citation Citation of the article Dalipe, G. (2024, September 13). Iloilo’s inflation rate up due to food, and fuel costs. Panay News, 2&15. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Iloilo’s inflation rate up due to food, and fuel costs Description An account of the resource ILOILO City – The province of Iloilo’s inflation rate increased by 5.6 percent from July to August 2024, data released by the Philippine Statistics Authority (PSA) in Western Visayas showed. Creator An entity primarily responsible for making the resource Dalipe, Gerome IV Source A related resource from which the described resource is derived <a href="https://www.panaynews.net/iloilos-inflation-rate-up-due-to-food-and-fuel-costs/" target="_blank" rel="noreferrer noopener">Panay News</a> Publisher An entity responsible for making the resource available Panay News Incorporated Date A point or period of time associated with an event in the lifecycle of the resource September 13, 2024 Language A language of the resource English Type The nature or genre of the resource Article Subject The topic of the resource Inflation (Finance)