The average price in the Laoag City region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per m² in Laoag City has increased strongly in the last 6 months. During November, the average price per m² was ₱ 37,224. The following month (December) the price had a considerable deflation reaching ₱ 24,614 per m². In the following two months (January, February) the price per m² has risen strongly to a 119 %. In the last two months, the price per m² has had a significant increase of 183 %. This has been obtained by comparing the price of ₱ 33,878.5 for the first four months of the sample with regard to the previous 4 months and the price of ₱ 61,873.5 per m² for the last two months (March, April).
Based upon to the price in Laoag City(region), this has increased in the last 6 months. In the first month sample for November the average price is ₱ 9,389,257. During December it went through a strong inflation reaching ₱ 20,165,000 In the following two months the average price has decreased 31 % compared to the previous two. During the last two months the price has had a considerable increase of 125 % with respect to the previous four months going from ₱ 9,714,338 a ₱ 12,095,002.
