Headline InflationBicol Region’s headline inflation or overall inflation further decelerated to 2.9 percent in February 2024. This brings the regional average inflation from January 2024 to February 2024 at 3.0 percent. In February 2023, inflation rate was higher at 8.8 percent.Main Drivers to the Downward Trend of the Headline InflationThe downtrend in the overall inflation in February 2024 was primarily influenced by the faster annual decrease of housing, water, electricity, gas and other…
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