1. Regional Headline Inflation

The Davao Region’s inflation rate for the bottom 30% income households declined further to 1.1 percent in December 2024 from 1.9 percent in November 2024. In December 2023, the region’s inflation was higher at 4.5 percent. (Table 1 and Figure 1).

The downtrend in the region’s overall inflation for the bottom 30% income households in December 2024 was primarily due to the slower annual growth in the index of Food and Non-Alcoholic Beverages at 0.4 percent from 1.8 percent. Additionally, the slower price movements in the commodity groups of Clothing and Footwear at 3.2 percent from 3.3 percent; Housing, Water, Electricity, Gas, and other Fuels at 0.7 percent from 1.8 percent; and Recreation, Sport, and Culture at 6.9 percent from 7.1 percent contributed to the inflation’s overall downward trend.

On the other hand, the following commodity groups recorded faster price movements in December 2024 than in November 2024:

a.    Alcoholic Beverages and Tobacco at 3.3 percent from 2.7 percent;
b.    Furnishings, Household Equipment, and Routine Household Maintenance at 3.6 percent from 3.1 percent;
c.    Health at 2.9 percent from 2.3 percent;
d.    Transport at -0.4 percent from -2.4 percent; 
a.    Restaurants and Accommodation Services at 5.4 percent from 4.4 percent; and
e.    Personal Care, and Miscellaneous Goods and Services at 2.9 percent from 2.6 percent.

Meanwhile, the commodity groups Information and Communication at -0.2 percent; Education Services at 2.7 percent; and Financial Services at -0.1 percent retained its previous month’s inflation rates.
 

2. Davao Region Food Inflation

The Food inflation for the Bottom 30% Income Households at the regional level decreased to 0.2 percent in December 2024, from 1.7 percent in the previous month. In December 2023, the Food inflation was higher at 9.0 percent. (Table 3)

The main contributors to the downtrend of overall food inflation in the region in December 2024 were Cereals and Cereal Products at -3.8 percent from 0.0 percent; Fish and Other Seafood at 4.4 percent from 5.3 percent; and Fruits and Nuts at 2.5 percent from 6.8 percent.

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

a.    Meat and Other Parts of Slaughtered Land Animals, at 2.0 percent from 0.9 percent;
b.    Milk, Other Dairy Products and Eggs at 4.5 percent from 3.5 percent; 
c.    Oils and Fats at 23.0 percent from 16.9 percent;
d.    Vegetables, Tubers, Plantains, Cooking Bananas and Pulses at 2.3 percent from 0.9 percent; 
e.    Sugar, Confectionery, and Desserts at -7.0 percent from -7.8 percent; and
f.    Ready-Made Food and Other Food Products N.E.C. at 6.5 percent from 6.4 percent.
 

3. Regional Inflation Rates

At the national level, the country's inflation for the bottom 30% income households decreased to 2.5 percent from 2.9 percent in the previous month. (Table 4)

Among the 17 administrative regions, Region II (Cagayan Valley) had the highest inflation at 4.8 percent followed by Region IV (CALABARZON) at 3.8 percent and Region VI (Western Visayas) at 3.7 percent. On the other hand, Region XII (SOCCSKSARGEN) had the lowest inflation at 1.0 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