Northern Mindanao

Regional inflation increased to 6.6 percent in August 2022, from 6.3 percent in the previous month. The inflation rate in August 2021 was lower at 3.6 percent. (Table A and Figure 1)

The Consumer Price Index (CPI) in Misamis Occidental for the month of August 2022 registered at 118.3, which implies that the same basket of goods and services worth 100 pesos in 2018 has increased by 18.3 percent in August 2022.

Inflation Rate in Camiguin Slowed Down to 7.8%

Iligan City’s Consumer Price Index posted at 120.4 for the month of August which imply that the price of one basket of goods was 20.4 higher than the price of goods in year 2018.

Lanao del Norte’s Consumer Price Index posted at 114.8 for the month of August which imply that the price of one basket of goods was 14.8 higher than the price of goods in year 2018.

Urban population of Northern Mindanao increases by 256.2 thousand in 2020

LIVESTOCK PRODUCTION

The volume of livestock production in Northern Mindanao reached 271,376 metric tons (MT) in 2021, a 4.2 percent increase from its volume of production in 2020. (Table 1)