Inflation in April eased to an eight-month low of 6.6 percent from 7.6 percent in March on slower increases in the prices of food and non-alcoholic beverages, the Philippine Statistics Authority said Friday. READ MORE:
National statistician and civil registrar general Dennis Mapa said, however, the April inflation remained elevated compared to 4.9 percent a year ago.
The PSA said among the 13 commodity groups, the downtrend of the overall inflation was mainly brought about by the heavily weighted food and non-alcoholic beverages, which recorded a lower inflation rate of 7.9 percent, compared to 9.3 in March. It observed higher inflation rates in alcoholic beverages and tobacco, 12.7 percent from 12.2 percent; clothing and footwear, 5.1 percent from 5.0 percent; health, 4.1 percent from 3.9 percent; recreation, sport and culture, 4.7 percent from 4.6 percent; restaurants and accommodation services, 8.6 percent from 8.3 percent; and personal care, and miscellaneous goods and services, 5.7 percent from 5.6 percent.
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