Misamis Oriental
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 increased inflation was mainly due to the following commodities to the year-on-year annual growth for Food and Non-Alcoholic Beverages at 13.0 percent; Personal Care, and Miscellaneous Goods and Services at 7.2 percent; Recreation, Sports and Culture at 3.0 percent.
Meanwhile, the indices with the slowed down annual increase were observed in Transport at 6.7 percent; Housing, Water, Electricity, Gas and Other Fuels at 4.9 percent; Alcoholic Beverages and Tobacco at 4.4 percent; Furnishings, Household Equipment and Routine Household Maintenance at 4.3 percent; Clothing and Footwear at 3.9 percent; Health at 3.9 percent. The rest of the commodity groups either retained their previous month’s inflation rates. (Table B)
Cagayan de Oro City
Similar to the trend at the province level the headline inflation of Cagayan de Oro City, a highly urbanized city, increased further to 8.2 percent in December 2022, from 8.0 percent in the previous month. The inflation rate in December 2021 was lower at 3.9 percent.(Table A and Figure 2)
Contributing to the increased inflation was mainly due to the following commodities to the year-on-year annual growth for Food and Non-Alcoholic Beverages at 12.6 percent; Restaurants And Accommodation Services at 10.9 percent; Alcoholic Beverages and Tobacco at 5.6 percent; Personal Care, And Miscellaneous Goods and Services at 5.2 percent; Clothing And Footwear at 2.1 percent; Information And Communication at 0.4 percent; Recreation, Sport and Culture at 1.5 percent.
However, annual increase slowed down in the indices of Transport at 9.9 percent; Housing, Water, Electricity, Gas and Other Fuels at 5.8 percent; Furnishings, Household Equipment and Routine Household Maintenance at 3.5 percent; Health and Education Services at 2.4 percent. The financial Services retained its previous month’s inflation rates. (Table C)
In December 2022, the Purchasing Power of the Peso (PPP) in Cagayan de Oro City is at 0.83 meanwhile Misamis Oriental is observed to be at 0.82. This means that a peso in 2018 is worth 83 centavos for Cagayan de Oro City and 82 centavos for Misamis Oriental in December 2022, or one may need P120.00 to purchase the same set of goods and services worth P100.00 in 2018 in Cagayan de Oro City while P121.60 in Misamis Oriental. (Table D).
(SGD)MARIA LIZA M. BIGORNIA
(Chief Statistical Specialist)
Officer-In-Charge
Misamis Oriental Provincial Statistical Office
Regional Statistical Services Office 10
EDA/APS/NLAG
