The year-on-year regional inflation of Davao Region accelerated to 4.1% in May 2021. The current inflation is significantly higher as compared to the previous month at 3.7%, and of the same month of the previous year at 1.9%. Moreover, this is the highest inflation recorded in the region since April 2019. On the other hand, the purchasing power of the peso (PPP) which measures the real value of the peso in a given period relative to a chosen reference period remained at 78 centavos (see Table 1). Read more about Davao Region’s Inflation rose to 4.1% in May 2021.