The inflation rate in Bacolod City increased from 5.7 percent in August to 6.4 percent in September, according to the data released by the Philippine Statistics Authority.
The statistic bureau said the increase was brought about by a slight annual increase in prices of some commodity groups, including food and non-alcoholic beverages, alcoholic beverages and tobacco, health, and transport.
Meanwhile, the inflation rate for all income households in Negros Occidental slightly decreased from 7.9 percent in August to 7.6 percent in September, due to a decline in the prices of food and non-alcoholic beverages, alcoholic beverages and tobacco, clothing and footwear, and personal care/miscellaneous goods and services.
The Consumer Price Index (CPI) provides a general measure of the changes in average retail prices of commodities bought by a specific group of consumers in a given area and a given period.
Inflation is the annual rate of change or the year-on-year change of the CPI expressed in percent and is interpreted in terms of the declining purchasing power of money.