Summary Inflation Report
Consumer Price Index for the Bottom 30% Income Households
South Cotabato
(2018=100)

FEBRUARY 2024

Date of Release: 06 March 2024 
Reference No.: 2024PR – 1263 - 013

YEAR-ON-YEAR INFLATION RATES

The inflation rate of South Cotabato’s bottom 30% income households increased to 7.2 percent in February 2024 from 6.0 percent in January 2024. It was lower by 1.0 percentage points from the same month last year at 8.2 percent and 1.2 percentage points higher from January 2024 at 6.0 percent. It was higher compared to the regional and the national estimates of 5.8 percent and 4.2 percent, respectively (Figure 1).

The expansion in the province’ inflation rate for the bottom 30% income households in February 2024 were attributed to Food and Non-Alcoholic Beverages at 8.8 percent; Transport at -0.1 percent; and Housing, Water, Electricity, Gas and Other Fuels at 11.9 percent.

Higher annual increments were noted in the indices of the following commodity groups:

a.    Food and Non-Alcoholic Beverages, from 7.1% to 8.8%
b.    Housing, Water, Electricity, Gas and Other Fuels, from 11.6% to 11.9%
c.    Health, from 0.5% to 1.1%
d.    Transport, from -2.2% to -0.1%
e.    Personal Care, and Miscellaneous Goods and Services, from 5.6% to 5.8%

Major commodity groups which registered lower inflation were the following:

a.    Alcoholic Beverages and Tobacco, from 5.9% to 5.8%
b.    Clothing and Footwear, from 3.9% to 3.6%
c.    Recreation, Sport and Culture, from 11.4% to 9.5%

The rest of the commodity groups: Furnishing, Household Equipment and Poutine Household Maintenance (4.1%), Information and Communication (0.0), Education Services (5.8%), Restaurants and Accommodation Services (1.3%) and Financial Services (-0.1%) maintained their previous month’s inflation rates (Table 2).

 

The inflation rate in the bottom 30% income households of South Cotabato for the Food Group grew by 9.0 percent in February 2024 from 7.2 percent in January 2024. In February 2023, food inflation was at 8.0 percent (Table 3).

The top three food groups that contributed to the increase in food inflation were Cereals and cereal products, 24.5 percent; Fish and other seafood, -1.5 percent; and Vegetables, tubers, plantains, cooking bananas and pulses, -7.4 percent.

Approved for Release:

MA. EILEEN A. BERDEPRADO
Chief Statistical Specialist 
OIC- Provincial Statistics Officer
Philippine Statistics Authority - South Cotabato

For inquiries, please contact:

HAZELLE KAYE G. ABARO
Statistical Analyst
Philippine Statistics Authority - South Cotabato 
Telephone Number (083) 877-1905