Headline InflationBicol Region retained its headline inflation or overall inflation at 3.7 percent in May 2024. This brings the regional average inflation from January 2024 to May 2024 at 3.4 percent. In May 2023, inflation rate was higher at 6.0 percent.Main Contributors to the Headline InflationThe top three commodity groups contributing to the May 2024 overall inflation were the following:a. Food and non-alcoholic beverages with 76.5 percent share and 2.83 percentage points;b. Transport… Read more...

Headline InflationBicol Region retained its headline inflation or overall inflation at 3.7 percent in April 2024. This brings the regional average inflation from January 2024 to April 2024 at 3.4 percent. In April 2023, inflation rate was higher at 6.8 percent.Main Contributors to the Headline InflationThe top three commodity groups contributing to the April 2024 overall inflation were the following:     a. Food and non-alcoholic beverages with 88.1 percent share and 3.26 percentage points… Read more...

 Headline InflationBicol Region’s headline inflation or overall inflation increased to 3.7 percent in March 2024 from 2.9 percent in February 2024. This brings the regional average inflation from January 2024 to March 2024 at 3.2 percent. In March 2023, inflation rate was higher at 7.1 percent.Main Drivers to the Upward Trend of the Headline InflationThe uptrend in the overall inflation in March 2024 was primarily influenced by the higher year-on-year increase in the heavily-weighted food and… Read more...

Headline InflationBicol Region’s headline inflation or overall inflation further decelerated to 2.9 percent in February 2024. This brings the regional average inflation from January 2024 to February 2024 at 3.0 percent. In February 2023, inflation rate was higher at 8.8 percent.Main Drivers to the Downward Trend of the Headline InflationThe downtrend in the overall inflation in February 2024 was primarily influenced by the faster annual decrease of housing, water, electricity, gas and other… Read more...

Headline InflationBicol Region's headline inflation or overall inflation decelerated to 3 . 1 percent in January 2024. This is the lowest inflation rate since the 2.8 percent inflation rate recorded in February 2022. Inflation rate was recorded at 4.9 percent in December 2023, while it was 8.3 percent in January 2023.Main Drivers to the Downward Trend of the Headline InflationThe downtrend in the overall inflation in January 2024 was primarily brought about by the slower annual increment of… Read more...