Inflation Down By 1.3% On Fuel Costs

Consumer inflation slowed to 13.7 percent year-on-year in December, down by 1.3 percentage points from 15.0 percent in November as fuel costs fell.

According to the December 2008 Consumer Price Index (CPI) released by the Central Statistics Office (CSO) on Thursday, the transport index dropped following a big cut in the pump prices for petrol and diesel in December.

"The drop in Operation of Personal Transport section index was attributed to the fall in retail pump prices for both diesel and petrol by P1.00 per litre," government statistician Annah Majelantle says in the report.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up