Headline Inflation The region’s headline inflation or overall inflation eased to 4.2 percent in August 2024 from 4.4 percent in July 2024. This brings the regional average inflation from January to August 2024 to 3.8 percent. In August 2023, the inflation rate was recorded at 4.4 percent.   Main Drivers to the Downward Trend of the Headline Inflation The downtrend in the overall inflation in August 2024 was primarily brought about by the slower annual increment of food and non-alcoholic… Read more...

 Headline InflationThe region’s headline inflation or overall inflation decelerated to 4.4 percent in July 2024 from 4.6 percent in June 2024. This brings the regional average inflation from January to July 2024 to 3.7 percent. In July 2023, inflation rate was higher at 4.6 percent.Main Drivers to the Downward Trend of the Headline InflationThe downtrend in the overall inflation in July 2024 was primarily influenced by the decrease in the index of housing, water, electricity, gas and other… Read more...

 Headline InflationThe region’s headline inflation or overall inflation accelerated to 4.6 percent in June 2024 from 3.7 percent in May 2024. This brings the regional average inflation from January to June 2024 to 3.6 percent. In June 2023, inflation rate was higher at 5.3 percent.Main Drivers to the Upward Trend of the Headline InflationThe uptrend in the overall inflation in June 2024 was primarily influenced by the faster annual increment of housing, water, electricity, gas and other fuels… Read more...

 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...