No. of :

No. of Shares:

Currently viewed by: Marcus Rosit

Aklan’s inflation down in May – PSA

KALIBO, Aklan (PIA) -- The province of Aklan’s inflation percentage dropped to 6.2 in May 2023 from the 6.8 percent recorded in April 2023, according to the Philippine Statistics Authority (PSA) here.

Engr. Antonet Catubuan, Chief Statistical Officer of PSA-Aklan, said however, that this is still relatively higher compared to the 4.1 percent inflation reported in May 2022.

The downtrend of Aklan’s overall inflation in May 2023 was caused by transport which registered 1.3 percent in said month, down from 4.3 percent in April.

Catubuan said under the transport commodity, gasoline was the primary cause of the decrease of inflation with -7.9 percent last month, down to -14.7 percent during the reference period.

Other transport-related commodities that went down in May 2023 as reported by PSA-Aklan include passenger transport by air which decreased to 19.0 percent from 59.6 percent in April 2023, and diesel, which dropped to -26.1 percent from -18.4 percent in April 2023.

Meanwhile, prices of food and non-alcoholic beverages also contributed to the downtrend of inflation in the province with 7.4 percent in May 2023 from 7.8 percent in April of the same year.

Other commodities that exhibited lower inflation rates in May were alcoholic beverages and tobacco and housing, water, electricity, gas, and other fuels.

The Aklan Provincial Capitol Building

PSA-Aklan also revealed that the purchasing power of the peso remains stable at P0.84 during the reference period.

Simply put, this means that an Aklanon needs an additional P190.00 in May 2023 to buy the same P1,000.00-worth of goods and services bought in 2018. (AGP/VGV/PIA Aklan)

About the Author

Venus Villanueva


Region 6

Feedback / Comment

Get in touch