Northern Mindanao registers the second lowest inflation rate nationwide

Lanao del Norte’s Consumer Price Index posted at 113.1 for the month of May which implies that the price of one basket of goods was 13.1 higher than the price of goods in the year 2018.

The headline inflation of Province of Misamis Oriental has increased to 4.2 percent in May 2022, from 4.1 percent in the previous month. The inflation rate in May 2021 was higher at 4.6 percent. (Table A and Figure 1) The increase of the province’s…

Household population comprises majority of the total population

Northern Mindanao registered the highest labor force participation rate (LFPR) of 69.8 percent nationwide in 2021.

The Consumer Price Index (CPI) in Northern Mindanao for the month of April 2022 registered at 114.4 which implies that the price of a basket of goods in April 2022 was 14.4 percent higher than its price in 2018.

The economy of the region posted a growth of 6.3 percent in 2021, a rebound from a decline of 5.3 percent in the previous year.

The Consumer Price Index (CPI) in Northern Mindanao for the month of March 2022 registered at 113.6 which implies that the price of a basket of goods in March 2022 was 13.6 percent higher than its price in 2018.

The Consumer Price Index (CPI) in Northern Mindanao for the month of February 2022 registered at 113.1 which implies that the price of a basket of goods in February 2022 was 13.1 percent higher than its price in 2018