Trade officials inspect the prices of prime commodities at a mall in Davao City. Mindanews file photo DAVAO CITY (MindaNews / 10 November) – The high inflation rate in Davao City must be managed to…
Trade officials inspect the prices of prime commodities at a mall in Davao City. Mindanews file photo
He said the inflation beginning early this year was seen as “transitional” as consumers were in a “revenge spending” following the easing of COVID-19 restrictions, which drove the demand and prices of goods up. The Davao Region posted an inflation rate of 9.8% in October, the highest among 17 regions in the country, according to a report released by the Philippines Statistics Authority last November 4.
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