Headline Inflation Rate in SOCCSKSARGEN Dropped By 5.2% in December 2021

Reference Number: 

R12-SR2022-003

Release Date: 

Friday, 14 January 2022

INDEX POINTS
The CPI for All Items in SOCCSKSARGEN Region increased by 6.8 index point in December 2021 from 129.7 index points in December 2020. The average retail price of commodities included in the market basket for all goods and services for the month under review increased by 36.5 percent from the 2012- based year.

INFLATION RATE
In December 2021, headline inflation rate, or the annual rate of change in the prices of goods and services in the market basket in SOCCSKSARGEN Region slowed down to 5.2 percent, decreasing by 0.4 percent percentage point from 5.6 percent in November 2021.

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