YEAR-ON-YEAR INFLATION RATES

The Inflation Rate for the Bottom 30% Income Households in SOCCSKSARGEN Region eased to 5.5% in December 2021 from 6.2% in November 2021. Housing, Water, Electricity, Gas, and Other Fuels (HWEGOF) recorded the highest inflation at 7.2% from 7.0% the previous month. Aside for HWEGOF, price gains were also noted in Food and Non-Alcoholic Beverages (from 5.7% to 5.9%) and Health (from 1.9% to 2.0%).

Transport was up by 6.7% but was 9.8 percentage points lower than the 16.5% recorded the previous month. Disinflations were also noted in Alcoholic Beverages and Tobacco (from 8.6% to 5.0%), Clothing and Footwear (from 2.4% to 1.9%), Recreation and Culture (from 5.7% to 5.5%) and Restaurant and Miscellaneous Goods and Services (from 4.7% to 3.7%). Minimal price movement were noted in Furnishing, Household Equipment and Routine Maintenance of the House, Communication and Education