BARMM inflation remains at 5.1%

ZAMBOANGA CITY — The Philippine Statistics Authority in the Bangsamoro Autonomous Region in Muslim Mindanao announced that the inflation rate in the region last month remained at 5.1 percent which was last recorded in July 2023.

BARMM-PSA director Engr. Akan Tula said on Monday that the region's inflation rate is currently at an acceptable level in an up-and-down situation."

"The inflation rate depends on the changes in the supply and demand of basic commodities in the region in which if there is scarcity on supply and increase in demand, the price will eventually increase and also the inflation rate," Tula said.

He added that several major factors that contributed to the inflation rate such as the cost of food and non-food beverages, restaurant and accommodation services including housing, water, electricity, gas and other fuels.

Tula claimed that among the regions in the country, Eastern Visayas still recorded the lowest inflation rate at 3.1 percent, followed by Cordillera Administrative Region at 3.9 percent and Zamboanga Peninsula at 4.3 percent, while Central Luzon recorded the highest inflation rate at 7.0 percent.

In the provinces of BARMM, Tawi-Tawi recorded the lowest inflation rate at 2.7 percent, followed by Basilan at 3.5 percent, Lanao Del Sur at 4.0 percent, Sulu at 4.1 percent while Maguindanao still recorded the highest inflation rate at 7.7 percent