SOCCSKSARGEN’s Inflation Rate for the Bottom 30% Income Household Fell By 4.0% in June 2020

Reference Number: 

R12-SR2020-047

Release Date: 

Friday, 17 July 2020

At 4.0 percent, SOCCSKSARGEN Region’s Inflation Rate for the Bottom 30% Households in June 2020 went down by 0.2 percentage gap points from 4.2 percent in May 2020 to settle at 4.0 percent. Among the commodity groups, Alcoholic Beverages and Tobacco posted the highest annual increase at 24.7% in June 2020. A month-on-month slowdown on inflation were recorded in Food and Non-Alcoholic Beverages (from 2.6% to 2.2%), Alcoholic Beverages and Tobacco (from 25.0% to 24.7%), Clothing and Footwear (from 3.4% to 2.9%), Housing, Water, Electricity, Gas, and Other Fuels (from 3.2% to 2.9%), Furnishing, Household Equipment and Routine Maintenance of the House (from 2.2% to 2.0%), Recreation and Culture (from 3.7% to 2.5%) and Education (from 12.1% to 0.5%). Increase in annual price hike from May to June 2020 were observed in Health (from 4.2% to 4.3%), Transport (from -1.0% to -0.3%), Communication (from 0.6% to 1.5%) and Restaurant and Miscellaneous Goods and Services (from 3.0% to 4.2%).

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