Manila, June 17 -- Annual rate of price increases in this highly urbanized city and in Negros Occidental province both accelerated to 2.4 percent in May, the Philippine Statistics Authority (PSA) reported Tuesday.

PSA data show that inflation rate in Bacolod City in the previous month stood at 2.2 percent, while it was 2.1 percent for Negros Occidental.

However, last month's inflation rates were lower compared to the May 2024 data of 4.5 percent for Bacolod City and 4.2 percent for Negros Occidental, the same data showed.

"This probably shows the government policies are taking effect considering there is a decrease in our inflation rates (from the past year). We are hoping to see slower inflation rates in the coming months," PSA-Negros...