PSA: Inflation slows down to 4.2 percent in November 2021

FILE PHOTO A customer buys vegetables at a market in Manila. Philippine inflation slowed down to 4.3 percent in November 2021, the PSA said. (Photo by TED ALJIBE / AFP)

MANILA, Philippines — The inflation rate in the country slowed down to 4.3 percent in November 2021, the Philippine Statistics Authority (PSA) reported Tuesday, slightly lower than the 4.6 percent recorded in October 2021.

“Ang dahilan ng pagbagal ng antas ng inflation nitong  Nobyembre 2021 ay ang mas mabagal na paggalaw ng presyo ng Food and Non-Alcoholic Beverages na may 3.9 % inflation at  93.2 % share sa pagbaba ng pangkalahatang inflation sa bansa,” the PSA said in a tweet.

(The reason behind the inflation slowdown in November 2021 is the slow movement in the price of food and non-alcoholic beverages at 3.9 percent inflation, which constitutes 93.2 percent share in the slower overall inflation in the country.)

Ang dahilan ng pagbagal ng antas ng inflation nitong Nobyembre 2021 ay ang mas mabagal na paggalaw ng presyo ng Food and Non-Alcoholic Beverages na may 3.9 % inflation at 93.2 % share sa pagbaba ng pangkalahatang inflation sa bansa. #PHCPI #Inflation @mapa_dennis

— Philippine Statistics Authority (@PSAgovph) December 7, 2021

The PSA said the November inflation rate brought the average inflation so far this year to 4.5 percent.

Meanwhile, PSA reported that inflation also slowed down to 2.9 percent in the National Capital Region.

“Sa NCR, ang dahilan ng pagbagal ng antas ng inflation ay ang mas mabagal na paggalaw ng presyo ng Food and Non-Alcoholic Beverages na may 1.7% inflation at 94.8% share sa pagbaba ng inflation nitong Nobyembre 2021,” the PSA said.

Sa NCR, ang dahilan ng pagbagal ng antas ng inflation ay ang mas mabagal na paggalaw ng presyo ng Food and Non-Alcoholic Beverages na may 1.7% inflation at 94.8% share sa pagbaba ng inflation nitong Nobyembre 2021. #PHCPI #Inflation @mapa_dennis

— Philippine Statistics Authority (@PSAgovph) December 7, 2021

(In NCR, the reason behind the slowing down of inflation is the slow movement in the price of food and non-alcoholic beverages at 1.7 percent inflation, which constitutes 94.8 percent share in the lower inflation this November 2021.)

EDV