Davao region’s inflation down to 4.7% in January 2019

Davao Region’s inflation at the beginning of the year slowed down at 4.7%. Inflation was posted at 5.3% in December 2018 and 4.4% in January 2018. The region’s peso purchasing power remained at 83 centavos. Among provinces, Davao del Sur displayed the highest inflation at 5.5% and lowest in Davao Oriental at 2.9% (see Table 1).

The decrease of inflation was primarily due to the slowdown in the annual increments of almost all of the indices except Communication which was at 1.2% from 0.6% in the previous month. Commodity groups such as Alcoholic Beverages and Tobacco and Housing, Water, Electricity, Gas

Davao region's inflation hits 7.9%

Davao Region’s inflation continued to move at a faster pace of 7.9 percent in September 2018. It was pegged at 7.1 percent in the previous month while 4.0 percent in the same month of last year. Among provinces, Davao del Norte displayed a slower rate at 6.2 percent while Davao del Sur showed the fastest at 8.6 percent. Purchasing power of peso in the region was at 83 centavos. It did the same with the provinces except for Davao Oriental which was at 80 centavos.

August 2018 Inflation is 7.1% in Davao Region

Davao Region’s inflation rate further accelerated to 7.1 percent in August 2018 which remained higher than the national inflation rate at 6.4 percent. In the previous month, the region’s inflation was posted at 6.2 percent and in August 2017, 3.1 percent. Meanwhile, all provinces in the region showed an increase rate in August 2018. It was highest in Compostela Valley and lowest in Davao Oriental while Davao del Norte and Davao del Sur posted the same with the regional rate. Further, purchasing power of peso in the region was at 84 centavos.

February 2018 inflation is at 4.6 percent in Davao Region

February 2018 inflation rate picked up by 4.6 percent, higher than the 4.1 percent growth in January 2018 and 3.9 percent during the same period a year ago. The uptrend resulted from the faster annual gain recorded in housing, water, electricity, gas, and other fuels at 5.7 percent and a double-digit annual increment in alcoholic beverages and tobacco at 12.6 percent. Moreover, an annual increases were also seen in food and non-alcoholic beverages (4.9%), transport (3.5%) and communication at 0.4 percent.


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