Inflation Rate

Davao Region Summary Inflation Report Consumer Price Index (2018=100)August 2022

The year-on-year regional inflation of Davao Region moved upward to 8.9 percent in August 2022, from 8.6 percent in July 2022. This is the highest recorded inflation since January 2022. The average inflation for the first six months of the year stood at 6.3 percent. (Table 1 and Figure 1). Purchasing Power of the Peso (PPP) measures the real value of the Philippine peso in a given period relative to its value in the base period. In Davao Region, a peso in 2018 is worth 85 centavos in August 2022. This month’s PPP is lower than in August 2021 at 92 centavos. (Table 2)

Davao Region Summary Inflation Report Consumer Price Index (2018=100) July 2022

The year-on-year regional inflation of Davao Region moved upward to 8.6 percent in July 2022, from 7.2 percent in June 2022. This is the highest recorded inflation since January 2022. The average inflation for the first six months of the year stood at 6.0 percent. (Table 1 and Figure 1) Purchasing Power of the Peso (PPP) measures the real value of the Philippine peso in a given period relative to its value in the base period.

SUMMARY INFLATION REPORT CONSUMER PRICE INDEX: JULY 2022, DAVAO DEL SUR (2018=100)

The headline inflation in Davao del Sur increased by 2.2 percentage points having 9.6 in July 2022, from 7.4 percent in June 2022. The inflation in July 2021 was posted at 4.6 percent, lower by 5.0 percentage points than the recent inflation rate. The average inflation for the year’s first six months stood at 6.5 percent (Table A and Figure 1).

In comparison to the previous month’s inflation rate, there is an increase in Davao del Sur’s inflation rate which was mainly brought about by the increase in the index for food and non-alcoholic beverages at 12.0 percent; housing, water, electricity, gas, and other fuels, 7.8 percent; alcoholic beverages and tobacco, 9.6 percent; and transport, 26 percent.

SUMMARY INFLATION REPORT CONSUMER PRICE INDEX: JULY 2022, DAVAO CITY (2018=100)

The headline inflation rate in Davao City in July 2022 was 8.4 percent, double the rate of the same month in 2021 at 4.2. The rate in July also supersedes the rate in June 2022 at 7.0 percent as the highest since January 2019. (Table A and Figure 1).

The rising overall inflation in the City of Davao in July 2022 was largely due to the increase in annual increments of Restaurant and Accommodation Services at 8.1 percent, Food and Non-Alcoholic Beverages at 11.2 percent and Housing, Water, Electricity, Gas and Other Fuels at 3.3 percent. Other commodities such as the following have also contributed to the rising trend

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