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GenSan inflation eases in June

The headline inflation rate on the prices of goods and services in the market basket of General Santos City dropped to 2.7 % in June, according to the Philippine Statistics Authority (PSA).

Data showed that last month’s inflation rate for all income households was lower compared to 4.3 percent percent in May.

“This was lower than the regional and national levels at 3.8 percent and 3.7 percent, respectively. This was also lower by 1.3 percentage points from a year ago of the same month at 4.0 percent,” PSA said.

PSA said the downtrend in the city’s inflation rate in June was primarily influenced by the slower annual increment of housing, water, electricity, gas and other fuels.

The inflation rate of the province of Sarangani, meanwhile, also eased to 4.2 percent in June from 5.8 percent in May.

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