Headline Inflation Rate SOCCSKSARGEN Eased To 3.9% in February 2022

Reference Number: 

R12-SR2022-024

Release Date: 

Friday, 27 May 2022

INDEX POINTS
The Consumer Price Index (CPI) For All Items in SOCCSKSARGEN in February 2022 was recorded at 113.9 index points. This indicates that the average retail price of commodities that were included in the market basket for all goods and services for the month under review was 13.9 percent higher than in the reference-based year of 2018. The February 2021 CPI for All Items at 109.6 index points, was lower by 4.3 index points compared to its February 2022 index.

INFLATION
Headline inflation rate or annual rate of change in the prices of goods and services in the market basket dropped to 3.9 percent in February 2022, decreasing by 1.1 percentage points from 5.0 percent in January 2022

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