The volume of production of selected major crops in Northern Mindanao reached 10.267 million metric tons (MT) in 2021, an 8.5 percent increase from its volume of production in 2020. (Table 1 and Figure 1)

Table 1. Fisheries Production in Northern Mindanao
2020 and 2021 (In metric tons)

Palay Production

Iligan City’s Consumer Price Index posted at 115.1 for the month of May which implies that the price of one basket of goods was 15.1 higher than the price of goods in 2018.

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.

Northern Mindanao registers the second lowest inflation rate nationwide

The headline inflation in Bukidnon had a slight increase of 0.2 percent from 5.0 percent in April 2022 to 5.2 percent in May 2022. Inflation rate in May 2021 was significantly lower at 3.8 percent. The average inflation for the first 5 months of…