1. Regional Headline Inflation

The year-on-year headline inflation of Davao Region remained at 2.2 percent in December 2024, posting the same inflation as in November 2024. In December 2023, the region’s inflation was higher at 5.3 percent. (Table 1  and Figure 1).

The commodity group with the highest contribution to the region’s overall inflation in December 2024 was Food and Non-Alcoholic Beverages at 1.9 percent from 2.3 percent. This was followed by the commodity groups of Housing, Water, Electricity, Gas and other Fuels at 2.6 percent from 2.2 percent; and Restaurants and Accommodation Services at 3.2 percent from 3.0 percent.

Faster annual increments were noted in the indices of the following commodity groups during the month:

a.    Alcoholic Beverages and Tobacco at 4.3 percent from 3.6 percent;
b.    Furnishings, Household Equipment, and Routine Household Maintenance at 4.2 percent from 3.9 percent; 
c.    Transport at -0.5 percent from -2.6 percent;
d.    Information and Communication at -0.2 percent from -0.3 percent; and
e.    Recreation, Sport, and Culture at 4.3 percent from 4.1 percent;
f.    Personal Care, and Miscellaneous Goods and Services at 3.2 percent  from 3.0 percent.
On the other hand, the commodity groups that recorded slower annual increment in December 2024 compared to November 2024 were Clothing and Footwear, at 3.1 percent from 3.4 percent, and Health, at 2.7 percent from 2.8 percent.

Meanwhile, the indices of Education Services at 7.8 percent and Financial Services at -0.1 percent retained the previous month’s inflation rate.
 

2. Davao Region Food Inflation

The region’s Food inflation decelerated at 1.7 percent in December 2024 from 2.3 percent the previous month’s inflation. In December 2023, the Food inflation was higher at 8.6 percent. (Table 3)

The commodity group of Cereals and Cereal Products, at -1.7 percent from 1.1 percent, is the main contributor to the downtrend of the region’s Food inflation. Additionally, lower annual growth rates during the month were observed in the indices of Fruits and Nuts at 4.4 percent from 6.4 percent; and Ready-made Food and other Food Products n.e.c. at 7.0 percent from 7.3 percent.

On the other hand, the following food groups recorded faster annual increase during the month:

a.    Meat and Other Parts of Slaughtered Land Animals at 2.3 percent from 1.2 percent;
b.    Fish and other Seafood at 6.2 percent from 5.6 percent
c.    Milk, Other Dairy Products, and Eggs, at 2.5 percent from 2.2 percent; 
d.    Oils and Fats at 4.5 percent from 2.7 percent; 
e.    Vegetables, Tubers, Plantains, Cooking Bananas, and Pulses at 3.1 percent from 1.0 percent; and 
f.    Sugar, Confectionery, and Desserts, at -4.0 percent from -4.1 percent.
 

3. Regional Inflation Rates

The country's headline inflation increased to 2.9 percent in December 2024, from 2.5 percent in the previous month. (Table 4)
Among the 17 administrative regions, Region II (Cagayan Valley) had the highest inflation rate at 4.6 percent, followed by Region VI (Western Visayas) at 3.4 percent. On the other hand, Region XII (SOCCSKSARGEN) recorded the lowest inflation rate at 1.2 percent. (Table 4 and Figure 2)
 

Note: CPIs and inflation rates by province and selected city are posted on the PSA website (http://openstat.psa.gov.ph/).

APPROVED FOR RELEASE:

RANDOLPH ANTHONY B. GALES
(Chief Statistical Specialist)
Officer-In-Charge
Regional Statistical Services Office 11