As reported by the Philippine Statistics Authority (PSA) yesterday, January 5, 2022, the headline inflation rate of Camarines Norte eased by 2.7% in December from 6.9% in November 2021.
This is also the lowest inflation for the whole year of 2021 and fourth to the lowest for the past nine years or since 2013.
The whole Bicol Region also experienced a slow increase in prices of products and services by 3.6% which is 6.6% on the same period last 2020 and 5.1% last November 2021.
Furthermore, the Philippines recorded its lowest monthly inflation rate for 2021, according to National Economic and Development Authority (NEDA); the country’s headline inflation rate eased to 3.6 percent in December from 4.2 percent in November 2021.
The decline was primarily driven by slower food inflation, which decreased to 3.2 percent in December from 4.1 percent in the previous month.
In particular, vegetable inflation fell to -10.0 percent from -1.8 percent, while fish inflation also decelerated to 7.0 percent from 7.9 percent in the same period.