Release Date :
Reference Number :
CPIBuk13-2024-02
TABLE A. Year-on-Year Inflation Rates, All Items In Percent
(2018=100)
| Area | January 2023 | December 2023 | January 2024 | Year-to-date* |
Philippines Headline | 8.7 | 3.9 | 2.8 | 2.8 |
Northern Mindanao Headline | 8.4 | 4.8 | 3.1 | 3.1 |
Bukidnon Headline | 8.3 | 6.3 | 5.2 | 5.2 |
Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority
Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority
Bukidnon
The headline inflation or overall inflation in Bukidnon slowed down to 5.2 percent in January 2024. Inflation rate was recorded at 6.3 percent in December 2023, while it was 8.3 percent in January 2023.
The downtrend in the overall inflation in January 2024 was primarily brought about by decelerated inflation of food and non-alcoholic beverages at 8.5 percent in January 2024 from 11.5 percent in the previous month. Also contributing to the downtrend was housing, water, electricity, gas and other fuels with -1.3 percent from -0.4 percent in December 2023.
Some selected food groups that contributed to the lower inflation were; vegetables, tubers, plantains, cooking bananas and pulses at -7.3 percent during the month from 16.8 percent in December 2023; sugar, confectionery and desserts at -0.9 percent from 5.7 percent; meat and other parts of slaughtered land animals at -4.8 percent from -0.1 percent and Rice at 31.8 percent from 33.0 percent.
Higher annual increments in January 2024 were observed in the following indices:
- Clothing and Footwear, 10.4 percent from 8.7 percent
- Furnishing, Household Equipment and Routine Household Maintenance, 3.0 percent from 1.2 percent
- Transport, 0.9 percent from -1.0 percent
- Information and Communication, 2.5 percent from 2.1 percent
- Recreation, Sport and Culture, 9.2 percent from 8.4 percent
- Restaurants and Accommodation Services, 2.6 percent from 2.2 percent
- Personal Care, and Miscellaneous Goods and Services, 5.1 percent from 4.8 percent
Lower year-on-year mark-ups were noted in the indices of the following commodity groups during the month:
- Food and Non-Alcoholic Beverages, 8.5 percent from 11.5 percent
- Alcoholic Beverages and Tobacco, 11.8 percent from 11.9 percent
- Housing, Water, Electricity, Gas and Other Fuels, -1.3 percent from -0.4
- Health, 4.6 percent from 5.4 percent
Constant inflation were also recorded for indices education services, 17.9 percent and financial services, 0.0 percent
Table B. Year-on-Year Inflation Rates in Bukidnon, All Items In Percent
January 2019 – January 2024
(2018=100)
| Month | Year | |||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| January | 7.0 | 1.0 | 2.1 | 4.5 | 8.3 | 5.2 |
| February | 5.9 | 1.2 | 3.0 | 4.1 | 8.5 | |
| March | 5.7 | 1.0 | 3.5 | 4.4 | 8.5 | |
| April | 5.7 | 1.0 | 3.7 | 5.0 | 7.3 | |
| May | 5.3 | 0.9 | 3.8 | 5.2 | 6.8 | |
| June | 4.6 | 1.8 | 3.2 | 5.4 | 6.5 | |
| July | 2.7 | 2.7 | 2.6 | 6.0 | 5.7 | |
| August | 1.4 | 2.9 | 2.7 | 6.5 | 6.1 | |
| September | 0.3 | 2.5 | 3.5 | 6.6 | 8.7 | |
| October | -0.4 | 2.4 | 3.8 | 7.0 | 6.9 | |
| November | 0.8 | 1.5 | 4.4 | 7.0 | 5.9 | |
| December | 1.1 | 1.8 | 4.1 | 7.3 | 6.3 | |
| Average | 3.2 | 1.7 | 3.4 | 5.8 | 7.1 | 5.2 |
Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority
Note:
CPIs and inflation rates by province and selected city are posted at PSA website (https://openstat.psa.gov.ph/).
MARIA EVANGELINE N. NON
Chief Statistical Specialist
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|---|---|
 Special Release - PDF |
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