CPI

Davao Region’s Inflation down to 1.9% in May

Davao region’s inflation lowers to 1.9 percent in May 2020. The current rate was relatively lesser as compared to the region’s inflation of the same month in the previous year at 3.7 percent. In addition, the purchasing power of the peso (PPP) retained its previous month’s value at 81 centavos (see Table 1).

Expectedly, the year-on-year provincial inflation rates decreased. However, Davao de Oro continued to have the highest inflation among the provinces in the region at 2.9 percent. This was followed by Davao del Norte at 2.7 percent. Meanwhile, Davao Oriental and Davao del Sur

Inflation steady at 2.2% in Davao Region

Davao Region’s inflation retained its previous month’s rate at 2.2 percent for April 2020. The inflation in April was lower as compared to the same month in the previous year at 3.9 percent. On the other hand, the purchasing power of the peso (PPP) remained at 81 centavos (see Table 1). As the region’s inflation kept its preceding annual rate, the year-on-year provincial inflation rates of Davao del Norte and Davao del Sur lowered to

Consumer Price Index for All Income Households in Davao del Norte: June 2019

A slower annual headline inflation rate of 2.4 percent was recorded in Davao del Norte in June 2019. In June 2018, inflation settled at 4.6 percent and in May 2019, 2.1 percent. On the average, the retail price of consumer goods and services typically purchased by a household in Davao del Norte is 121.8 in the current month, higher than the 118.9 index in June 2018. The price indices of all the commodity groups except for education also increased.

Consumer Price Index for All Income Households in Davao del Norte: May 2019

The province of Davao del Norte posted an annual inflation rate of 2.1 percent in May 2019. In April 2019, inflation was recorded at 2.0 percent, and on the same month of the previous year, 5.3 percent. The average price of consumer goods and services commonly purchased in the province increased from 118.5 in May 2018 to 121.0 in May 2019. Increase in the price indices of the commodity groups were also observed, excluding education.

Consumer Price Index for All Income Households in Davao del Norte: January 2019

Davao del Norte’s headline inflation rate further slowed down to 3.1 percent in January 2019, lower than the 4.3 percent rate posted on the previous month and the 4.1 percent rate in January 2018. The average retail price of the fixed basket of consumer goods and services in Davao del Norte was recorded at 120.4, dropping by 3.1 percent from the price level on the same month of the previous year (116.8). Despite the slowdown in the headline inflation rate, mark-ups were recorded in all the indices, excluding education.

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