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 doubled as January 2022 inflation rate was recorded at…

The Consumer Price Index (CPI) in Misamis Occidental for the month of January 2023 increased at 123.6 from 120.1 in the month of December 2022.

Palay Production

Northern Mindanao produced 793,640 metric tons of palay in 2021. This represents an increase of 1.5 percent from 781,825 metrics tons in 2020.

Iligan City’s Consumer Price Index posted at 119.8 for the month of December which imply that the price of one basket of goods was 19.8 higher than the price of goods in year 2018.

Lanao del Norte’s Consumer Price Index posted at 117.4 for the month of December which imply that the price of one basket of goods was 17.4 higher than the price of goods in year 2018.

Northern Mindanao

Regional inflation increased to 7.8 percent in December 2022, from 7.4 percent in the previous month. The inflation rate in December 2021 was lower at 4.0 percent. (Table A and Figure 1)

The Consumer Price Index (CPI) in Misamis Occidental for the month of December 2022 increased at 120.1 from 119.8 in the month of November 2022.

The Consumer Price Index (CPI) in Misamis Occidental for the month of December 2022 increased at 120.1 from 119.8 in the month of November 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 percent. (Table A and Figure 1) Contributing to the…