SunStar Publishing Inc.
The eruption of Mt. Kanlaon in Negros Island has minimal effect on the June inflation rate for all income households in Negros Occidental, which increased to 4.5 percent from 4.2 percent in May this year, according to the Philippine Statistics Authority here on Monday. PSA-Negros Occidental chief statistical specialist John Campomanes said the increase in the prices of some goods after the volcanic eruption on June 3 is negligible.
2 percent in June from 12.5 percent in May. Housing, water, electricity, gas, and other fuels commodity was the top major contributor to last month’s inflation, increasing to 1.7 percent in June from -1.6 percent in May, equivalent to a 95.5 percent share to uptrend in inflation. In May, the inflation rate for electricity was only -10.6 percent, then went up to 1.4 percent in June, while for gas, from 10.1 percent in May to 17.2 percent in June.
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