Skip to main content
Release Date :
Reference Number :
PSA-MISOR-SR-2023-01
Table AFigure 1Figure 2

Misamis Oriental

The headline inflation of Province of Misamis Oriental has increased to 8.5 percent in December 2022, from 8.2 percent in the previous month. The inflation rate in December 2021 was lower at 3.8 percent. (Table A and Figure 1)

Contributing to the increased inflation was mainly due to the following commodities to the year-on-year annual growth for Food and Non-Alcoholic Beverages at 13.0 percent; Personal Care, and Miscellaneous Goods and Services at 7.2 percent; Recreation, Sports and Culture at 3.0 percent.

Meanwhile, the indices with the slowed down annual increase were observed in Transport at 6.7 percent; Housing, Water, Electricity, Gas and Other Fuels at 4.9 percent; Alcoholic Beverages and Tobacco at 4.4 percent; Furnishings, Household Equipment and Routine Household Maintenance at 4.3 percent; Clothing and Footwear at 3.9 percent; Health at 3.9 percent. The rest of the commodity groups either retained their previous month’s inflation rates. (Table B)

Table B

Cagayan de Oro City

Similar to the trend at the province level the headline inflation of Cagayan de Oro City, a highly urbanized city, increased further to 8.2 percent in December 2022, from 8.0 percent in the previous month. The inflation rate in December 2021 was lower at 3.9 percent.(Table A and Figure 2)

Contributing to the increased inflation was mainly due to the following commodities to the year-on-year annual growth for Food and Non-Alcoholic Beverages at 12.6 percent; Restaurants And Accommodation Services at 10.9 percent; Alcoholic Beverages and Tobacco at 5.6 percent; Personal Care, And Miscellaneous Goods and Services at 5.2 percent; Clothing And Footwear at 2.1 percent; Information And Communication at 0.4 percent; Recreation, Sport and Culture at 1.5 percent.

However, annual increase slowed down in the indices of Transport at 9.9 percent; Housing, Water, Electricity, Gas and Other Fuels at 5.8 percent; Furnishings, Household Equipment and Routine Household Maintenance at 3.5 percent; Health and Education Services at 2.4 percent. The financial Services retained its previous month’s inflation rates. (Table C)

Table CTable D
In December 2022, the Purchasing Power of the Peso (PPP) in Cagayan de Oro City is at 0.83 meanwhile Misamis Oriental is observed to be at 0.82. This means that a peso in 2018 is worth 83 centavos for Cagayan de Oro City and 82 centavos for Misamis Oriental in December 2022, or one may need P120.00 to purchase the same set of goods and services worth P100.00 in 2018 in Cagayan de Oro City while P121.60 in Misamis Oriental. (Table D).
(SGD)MARIA LIZA M. BIGORNIA
(Chief Statistical Specialist)
Officer-In-Charge
Misamis Oriental Provincial Statistical Office
Regional Statistical Services Office 10

EDA/APS/NLAG

Tags


Misamis Oriental Summary Inflation Report January 2023 (2018=100)

Inflation in the Province of Misamis Oriental continued its upsurge as it increased to 8.9 percent in January 2023. Compared to the same month in year 2022, year-on-year inflation has more than…


Misamis Oriental Summary Inflation Report Consumer Price Index (2018=100) December 2022

The headline inflation of Province of Misamis Oriental has increased to 8.5 percent in December 2022, from 8.2 percent in the previous month. The inflation rate in December 2021 was lower at 3.8…


Misamis Oriental Summary Inflation Report November 2022 (2018=100)

The inflation rate of Province of Misamis Oriental is at 8.2 percent for the month of November 2022. Compared to the same month in year 2021, year-on-year inflation has more than doubled, and a…