YEAR-ON-YEAR INFLATION RATES

SOCCSKSARGEN Region’s inflation rate for the Bottom 30% Income Households in August 2021 rose to 6.6% from 5.3% in July 2021. Transport recorded the highest inflation rate among the commodity groups at 29.0% sustaining a double digit figure from 32.0% in the previous month along with Alcoholic Beverages and Tobacco at 14.5%. Annual price hikes were noted in Food and Non-Alcoholic Beverages (from 3.2% to 5.4%), Clothing and Footwear (from 2.2% to 2.4%), Housing, Water, Electricity, Gas, and Other Fuels (from 4.2% to 4.3%), Health (from 1.4% to 1.8%), Communication (from 0.0% to 0.3%), Recreation and Culture (from 1.8% to 4.2%), Education (from 0.3% to 3.8%) and Restaurant and Miscellaneous Goods and Services (from 4.9% to 5.0%).

Furnishing, Household Equipment and Routine Maintenance of the House sustained its previous month’s rate of 1.7%.