PRICE SITUATION: YEAR-ON-YEAR
The Bicol Region’s inflation rate in November 2018 exhibited a slower pace at 8.9
percent. Compared to the 0.9 percent inflation rate in the same period last year, the
November 2018 rate was still higher by 8.0 percentage points.
The movement was attributed to the Inflation Rate by almost all of the
Commodity/Service group; Alcoholic Beverages and Tobacco (from 20.2 percent to 24.7
percent), Clothing and Footwear (from 5.7 percent to 6.3 percent), Furnishings, Household