YEAR-ON-YEAR INFLATION RATES

The Inflation Rate for the Bottom 30% Income Households of SOCCSKSARGEN Region slowed-down to 4.5% in January 2022 from 5.5% in December 2021. Housing, Water, Electricity, Gas, and Other Fuels posted the highest inflation rate among the 11 major commodity groups in the market basket at 7.8% from 7.2% the previous month. Price upticks were also noted in Furnishing, Household Equipment and Routine Maintenance of the House (from 1.9% to 2.0%) and Communication (from 0.7% to 0.8%).

Price mark-ups slowed down in Food and Non-Alcoholic Beverages (from 5.9% to 4.8%), Alcoholic Beverages and Tobacco (from 5.0% to 3.2%), Clothing and Footwear (from 1.9% to 1.8%), Health (from 2.0% to 1.7%), Transport (from 6.7% to 2.0%), Recreation and Culture (from 5.5% to 5.0%) and Restaurant and Miscellaneous Goods and Services (from 3.7% to 2.7%) while minimal or no price movement was noted in Education at 3.5%.