YEAR-ON-YEAR INFLATION RATES

Headline inflation rate or the annual rate of change on the prices of goods and services in the market basket for all income households in SOCCSKSARGEN Region moved at a faster pace of 7.0% in September 2022 from a two-month sustained inflation of 6.6% the previous months. This is 0.1 percentage point higher than the national inflation of 6.9% for the current month under review. Inflation for the first nine months of the year averaged at 5.2%, almost mirroring the national average of 5.1%.