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GenSan inflation soars to 4.3% in May

Prices of goods and services in the market basket in General Santos City have risen to 4.3 percent in May 2024 from last month’s inflation at 3.1 percent, latest data released by the Philippine Statistics Authority showed.

PSA reported that the city’s headline inflation was lower than the regional level at 4.5 percent and higher than the national level at 3.9 percent. This was also higher by 0.5 percentage points from a year ago of the same month at 3.8 percent.

“The average inflation or the year-to-date inflation of the city was recorded at 3.3 percent,” PSA said.

The report also noted that Housing, Water, Electricity, Gas and Other Fuels; Food and Non-Alcoholic Beverages and Personal Care, and Miscellaneous Goods and Services, among others were the main contributors to the city’s uptrend inflation.

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