Headline Inflation Rate in SOCCSKSARGEN Up By 5.6% in November 2021

Reference Number: 

R12-SR2022- 002

Release Date: 

Friday, 7 January 2022

INDEX POINTS
The CPI for All Items in SOCCSKSARGEN Region increased by 7.2 index points in November 2021 from 128.7 index points in November 2020. The average retail price of commodities included in the market basket for all goods and services for the month under review increased by 35.9 percent from the 2012-based year.

INFLATION
Headline inflation rate or the annual rate of change in the prices of goods and services in the market basket in SOCCSKSARGEN Region slightly rose to 5.6 percent in November 2021 from 5.5 percent in October 2021. Headline inflation for All Items exhibited an uptrend trend for the year from 4.3 percent in January 2021 to 5.6 percent in November 2021. The highest inflation rate was noted in August 2021 at 5.7 percent and the lowest was posted in January 2021 at 4.3 percent.

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