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Soccsksargen inflation hits 5.1 percent

The inflation rate on the prices of goods and services in the market basket of Soccsksargen region reached 5.1 percent in December 2023, Philippine Statistics Authority reported Tuesday.

The latest figure is 1.2 percentage point higher than the 3.9 percent national headline inflation for the current month under review.

According to PSA, Cotabato Province posted the highest contribution to the region’s December headline inflation, followed by South Cotabato, Sultan Kudarat, General Santos City, Sarangani Province, and Cotabato City.

Among the commodity groups, Foods and Non-Alcoholic Beverages exhibited higher price gains followed by Restaurant and Accommodation Services, and Transportation.

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