1. Regional Headline Inflation

The Davao Region’s annual average inflation rate for the bottom 30% income households declined further to 4.3 percent in 2024 from 6.8 percent in 2023. (Table 1 and Figure 1).

The primary contributors to the downtrend in the region’s overall annual average inflation for the bottom 30% income households in 2024 were Housing, Water, Electricity, Gas, and other Fuels at -5.7 percent from 1.1 percent; Food and Non-Alcoholic Beverages at 7.2 percent from 8.6 percent; and Alcoholic Beverages and Tobacco at 5.8 percent from 14.9 percent.

Moreover, the following commodity groups posted slower annual average inflation in 2024 than in 2023 namely:

a.    Clothing and Footwear at 4.5 percent from 5.0 percent;
b.    Furnishings, Household Equipment, and Routine Household Maintenance at 3.5 percent from 6.7 percent;
c.    Health at 2.5 percent from 6.4 percent;
d.    Transport at 1.0 percent from 2.1 percent; 
e.    Information and Communication at -0.1 percent from 0.5 percent;
f.    Recreation, Sport, and Culture at 8.9 percent from 10.6 percent;
g.    Restaurants and Accommodation Services at 6.3 percent from 8.1 percent; 
h.    Financial Services at -0.1 percent from 0.0 percent; and
i.    Personal Care, and Miscellaneous Goods and Services at 3.4 percent  from 5.6 percent.
Meanwhile, Education Services was the only commodity group that recorded a faster annual average increment at 3.6 percent in 2024 from 2.9 percent in 2023.
 

2. Davao Region Food Inflation

The annual average regional Food inflation for the Bottom 30% Income Households decreased to 7.4 percent in 2024 from 8.7 percent in 2023. (Table 3)

The main contributors to the downtrend of annual average overall food inflation in the region in 2024 were Sugar, Confectionery, and Desserts at -7.8 percent from 21.8 percent; Meat and Other Parts of Slaughtered Land Animals, at 0.1 percent from 5.6 percent; Vegetables, Tubers, Plantains, Cooking Bananas and Pulses at 3.2 percent from 8.3 percent; and Milk, Other Dairy Products and Eggs at 4.0 percent from 9.8 percent.

On the other hand, the following commodity groups recorded a faster annual average year-on-year growth, namely:

a.    Cereals and Cereal Products at 13.8 percent from 12.7 percent; 
b.    Fish and Other Seafood at 4.2 percent from 1.4 percent; 
c.    Oils and Fats at -1.0 percent from -4.3 percent;
d.    Fruits and Nuts at 17.1 percent from 13.8 percent;
e.    Ready-Made Food and Other Food Products N.E.C. at 7.7 percent from 7.1 percent.
 

3. Regional Inflation Rates

At the national level, the country's annual average inflation for the bottom 30% income households decreased to 4.2 percent in 2024 from 6.7 percent in 2023. Among the 17 administrative regions, Region III (Central Luzon), MIMAROPA, and Region V (Bicol Region) had the highest inflation at 4.7 percent. On the other hand, Region I (Ilocos Region) had the lowest annual average inflation at 3.3 percent. (Table 4 and Figure 2)
 

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

APPROVED FOR RELEASE:

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