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The inflation rate in Western Visayas surged to 4.3 percent as of May 2024, up from April’s 4.1 percent, driven by higher costs in housing and transportation, according to the Philippine Statistics Authority .
The increase in inflation is largely attributed to a modest uptick in the housing, electricity, gas, and other fuels sector, which saw a shift from a negative 2.2 percent in April to a slight decline of 0.3 percent in May. The clothing and footwear sector also recorded a 3.1 percent inflation rate, while restaurants and accommodation services saw a more pronounced increase of 5.5 percent. The numbers highlight the broader impact of inflation on everyday expenses for residents in the region.
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