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Release Date :
Reference Number :
R12-SR2022-018

The Inflation Rate for the Bottom 30% Income Households of SOCCSKSARGEN Region stood at 6.2% in November 2021 from the same figure the previous month. Transport sustained a double digit record of 16.5% from 15.8% in October 2021, thus, posting the highest inflation rate among the 10 major commodity groups in the market basket. Alcoholic Beverages and Tobacco was up by 8.6% but lower than the 11.9% recorded the previous month. Slightly higher inflation rates were noted in Food and Non-Alcoholic Beverages (from 5.4% to 5.7%); Housing, Water, Electricity, Gas, and Other Fuels (from 6.9% to 7.0%); Furnishing, Household Equipment and Routine Maintenance of the House (from 1.8% to 1.9%), and Recreation and Culture (from 5.1% to 5.7%).

Disinflation was noted in Health (from 2.2% to 1.9%) while minimal or no change in inflation rates were observed in Clothing and Footwear (2.4%), Communication (0.7%), Education (3.5%), and Restaurant and Miscellaneous Goods and Services (4.7%).

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