Bukidnon 1. Headline Inflation The headline inflation in the province increased to 6.0 percent in May 2024 from 5.5 percent in April 2024. This brings the provincial average inflation from January to May 2024 to 5.4 percent. In May 2023, inflation rate was higher at 6.8 percent.

The headline inflation or the average rate of change of prices of goods and services in the province of Bukidnon was recorded at 5.0 percent in March 2024. In February 2024 the inflation rate was registered at 5.1 percent, and 8.5 percent in March 2023. The average inflation from January to March 2024 is at 5.1 percent.

The headline inflation or overall inflation in Bukidnon is at 5.1 percent in February 2024. Inflation rate was recorded at 5.2 percent last month, while it was 8.5 percent in February 2023. The overall inflation in February 2024 was primarily brought about by decelerated inflation of Food and Non-alcoholic beverages at 6.3 percent compared to 8.5 percent in the previous month. Also contributing to the downtrend was Clothing and Footwear with 8.5 percent inflation from 10.4 percent.

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.

Bukidnon The headline inflation in the Province of Bukidnon for August 2023 is higher at 6.1 percent from 5.7 percent in July 2023. The Inflation rate in August 2022 was higher at 6.5 percent. The year-to-date inflation rate is recorded at 7.2 percent. The main sources of acceleration for August 2023 inflation rate are the following commodity groups: Education Services at 17.9 percent from 0.8 percent; Recreation, Sport and Culture 7.0 percent from 4.0 percent and Food and Non-Alcoholic Beverages at 8.5 percent from 7.1 percent. Some Selected Food Items that showed higher inflation are Vegetables, Tubers, Plantains, Cooking Bananas, and Pulses at 26.6 percent from 16.9 percent; Rice 9.1 percent from 2.8 percent; Flour, Bread and Other Bakery Products, Pasta Products, and other Cereals at 11.4 percent from 9.6 percent. Other food items that recorded a lower inflation were Milk, Other Dairy Products and Eggs at 11.2 percent, Sugar, Confectionery and Desserts at 30.4 percent, Oils and Fats at 23.9 percent and Corn at 2.0 percent.