YEAR-ON-YEAR INFLATION RATES

The Inflation Rate for the Bottom 30% Income Households in SOCCSKSARGEN Region slowed down to 3.1% in March 2022 from 3.7% in February 2022. Housing, Water, Electricity, Gas, and Other Fuels, at 7.5%, recorded the highest inflation among the commodity groups. Higher inflation were also noted in Alcoholic, Beverages and Tobacco (from 3.0% to 3.9%); Furnishing, Household Equipment and Routine Maintenance of the House (from 1.5% to 2.3%); Transport (from 2.0% to 2.3%) and Recreation and Culture (from 4.8% to 4.9%).

Slower price gains, in contrast, were noticed in Food and Non-Alcoholic Beverages (from 3.7% to 2.6%); Clothing and Footwear (from 1.4% to 1.1%); Health (from 1.7% to 1.5%) and Restaurant and Miscellaneous Goods and Services (from 2.3% to 1.5%). Minimal price movement were noted in Communication at 0.8% and Education at 3.5%.