Consumer prices in the Philippines climbed 4.8 percent on year in April, the National Statistics Office said on Tuesday, versus expectations for a 4.7 percent annual increase following the 6.4 percent expansion in the previous month.
Core inflation, which excludes volatile fresh food and energy prices, was up 5.0 percent on year after the 5.6 percent gain in March.
The annual inflation rate in the National Capital Region slowed down to 2.2 percent in April from 3.2 percent in March as the annual price adjustments in the commodity groups improved except in clothing and fuel, light and water, the data showed.
Inflation rate in areas outside the national capital region also continued to register a slower rate of 5.8 percent in April from 7.8 percent in March brought about by the decreases in inflation rates of all the commodity groups except for services and miscellaneous items.
At the national level, annual inflation rate for food alone also moved down to 8.2 percent in April from 11.9 percent in March.
On a monthly basis, inflation was up 0.5 percent - slightly higher than the 0.4 percent increase that had been forecast after the 0.1 percent gain in March. On month, annual price additions in April were slower in all the food groups except for fruits and vegetables whose annual inflation rate was higher at 7.5 percent from 5.6 percent.
Higher prices of selected food items such as fish, miscellaneous food, rice, meat, corn and dairy products were observed during the month. Upward increments in the prices of kerosene, diesel, gasoline and the increased charges on water and electricity rates in some regions including NCR were also noted. Similarly, airplane fares were on the uptrend.
The highest month-on-month inflation at 0.5 percent was registered in Caraga while the lowest rate of -0.1 percent was in Bicol and Western Visayas. Price movements in Luzon and Mindanao were higher than that of Visayas.
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