Inflation Rate for the Bottom 30% Households in July 2020 for SOCCSKSARGEN Region eased to 3.6 percent, decreasing by 0.4 percentage point from 4.0 percent in June 2020. Alcoholic Beverages and Tobacco had the highest annual increment among the commodity groups at 26.7 percent in July 2020 maintaining double digit gains recorded in June 2020. Slower price gains were noted in Food and Non-Alcoholic Beverages (from 2.2% to 1.2%), Clothing and Footwear (from 2.9% to 2.4%), Furnishing, Household Equipment and Routine Maintenance of the House (from 2.0% to 1.6%) and Education (from 0.5% to 0.0%). Faster price hikes were observed in Alcoholic Beverages and Tobacco (from 24.7% to 26.7%), Health (from 4.3% to 4.6%), Transport (from -0.3% to 2.9%), Communication (from 1.5% to 1.7%) and Restaurant and Miscellaneous Goods and Services (from 4.2% to 4.5%). There was little or no change recorded on the month-on-month inflation of Housing, Water, Electricity, Gas, and Other Fuels (2.9%) and Recreation and Culture (2.5%).
Release Date :
Reference Number :
R12-SR2020-054