Release Date :
Reference Number :
2020-11
Year-on-Year
Headline inflation picks up to 1.2 percent in August 2020 in the province of Davao del Norte. An inflation rate of 0.9 percent was recorded in August 2019, and 1.0 percent in July 2020.
On the average, the retail price of consumer goods and services purchased by households in Davao del Norte is 123.5 in August 2020. All commodity groups, except for education, and recreation and culture, exhibited gains.
The highest increase of 18.0 percent was registered by alcoholic beverages and tobacco (176.7 to 208.5). Annual hikes were also observed in the price indices of health (131.3 to 136.4), transport (105.6 to 107.9), furnishings, household equipment, and routine maintenance of the house (121.8 to 124.3), clothing and footwear (130.3 to 132.2), restaurant and miscellaneous goods and services (128.1 to 129.4), food and non-alcoholic beverages (120.0 to 120.5), housing, water, electricity, gas, and other fuels (124.4 to 124.8), and communication (101.8 to 102.0).
Meanwhile, the price index of recreation and culture (124.1 to 122.7) declined by 1.1 percent. Education (121.6) retained its price index from the same month of the previous year.
Month-on-Month
Upticks were observed in the price indices of commodity groups, with the index of housing, water, electricity, gas, and other fuels (123.7 to 124.8) registering the highest increase. Mark-ups were also noted in the indices of alcoholic beverages and tobacco (207.9 to 208.5), food and non-alcoholic beverages (120.3 to 120.5), furnishings, household equipment, and routine maintenance of the house (124.2 to 124.3), restaurant and miscellaneous goods and services (129.3 to 129.4), and health (136.3 to 136.4).
On the other hand, the indices of transport (108.8 to 107.9) and recreation and culture (125.2 to 122.7) decreased by 0.8 percent and 2.0 percent, respectively.
Clothing and footwear (132.2), communication (102.0), and education (121.6) retained the previous month’s price indices.
With these changes in the prices, the purchasing power of peso in Davao del Norte remained at 0.81 in August 2020.
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