Factsheet

Davao Region inflation drops to 0.3% in September 2019

Davao Region’s inflation continued to drop to 0.3 in the month of September from 1.5 percent in August 2019. This is the lowest inflation recorded in Davao region since October 2015, in which the inflation rate was 0.7 percent. Relatedly, purchasing power of peso (PPP) remained at 82 centavos.

The inflation per province was expected to go down as the Inflation of Davao Region declined. Davao Oriental retained the lowest inflation at negative 1.1 percent in the region, followed by Davao del Norte (0.2%), and Davao del Sur (0.4%). However, Compostela Valley has the highest inflation in the region at 1.2 percent (see Table 1).

Davao region’s inflation remained low at 1.5% in August 2019

Davao Region’s inflation slowed further to 1.5 percent in August 2019. This is the lowest inflation recorded in Davao region since January 2016, in which the inflation rate was 2.3. Relatedly, purchasing power of peso (PPP) remained at 83 centavos.

Expectedly, Inflation rates per province went down, with Davao Oriental having the lowest inflation at negative 0.7 percent, followed by Davao Del Norte (0.9%), and Compostela Valley (1.9).

Davao region’s inflation eases to 2.1% in July 2019

Davao Region’s inflation remains low at 2.1 percent in July 2019. This is the lowest inflation recorded in Davao region for this year. Meanwhile, purchasing power of peso (PPP) stayed at 83 centavos.

Inflation rates per province also went down, with Davao Del Sur and Davao Del Norte having the highest inflation at 2.3 percent each, followed by Compostela Valley at 1.6 percent. Davao Oriental retained the lowest inflation in the region at 1.1 percent (see Table 1).

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

Pages

Subscribe to RSS - Factsheet