Summary Inflation Report
Consumer Price Index for the Bottom 30% Income Households 
South Cotabato
(2018=100)

January 2024

Date of Release: 07 February 2024 
Reference No.: 2024PR – 1263 - 006

Table 1. Year – on – Year Inflation Rates for the Bottom 30% Income Households January – December 2023 vs January 2024 (2018=100), in Percent

YEAR-ON-YEAR INFLATION RATES

Inflation rate of South Cotabato’s bottom 30% income households decreased to 6.0 percent in January 2024 from 6.9 percent recorded in December 2023. It was lower by 1.4 percentage points from the same month last year at 7.4 percent and 0.9 percentage points lower from December 2023 at 6.9 percent. It was higher compared to the regional and the national estimates of 4.6 percent and 3.6 percent, respectively (Figure 1).

Figure 1. Inflation Rates on All Items for the Bottom 30% Income Households, South Cotabato, January 2023 – January 2024 In Percent (2018=100)

The decline in the province bottom 30% income households’ inflation rate for January 2024 were attributed to Food and Non-Alcoholic Beverages at 7.1 percent, Transport at -2.2 percent, and Personal Care, and Miscellaneous Goods and Services at 5.6 percent. 

Lower annual increments were noted in the indices of the following commodity groups:

a.    Food and Non-Alcoholic Beverages, from 8.9% to 7.1%
b.    Alcoholic Beverages and Tobacco, from 6.4% to 5.9%
c.    Clothing and Footwear, from 4.1% to 3.9%
d.    Health, from 0.6% to 0.5%
e.    Transport, from -0.9% to -2.2%
f.    Information and Communication, from 0.7% to 0.0%
g.    Recreation, Sport and Culture, from 12.1% to 11.4%
h.    Financial Services, from 0.0% to -0.1%
i.    Personal Care, and Miscellaneous Goods and Services, from 6.6% to 5.6%

On the contrary, Housing, Water, Electricity, Gas and Other Fuels, and Furnishings, Household Equipment and Routine Household Maintenance increase at 11.6 percent and 4.1 percent during the month from 9.8 percent and 3.8 percent in December 2023, respectively.
The rest of the commodity groups: Education Services (5.8%), and Restaurants and Accommodation Services (1.3%) maintained their previous month’s inflation rates (Table 2). 
 

Table 2. Year-on-year Inflation Rates in All Items for the Bottom 30% Income Households by Commodity Group, South Cotabato January 2023, December 2023, and January 2024 (2018=100) in Percent

Additionally, the inflation of bottom 30% income households of South Cotabato for food dropped by 7.2 percent in January 2024 from 9.0 percent in December 2023. In January 2023, food inflation was at 6.8 percent (Table 3).

The top three food groups that contributed to the decrease in food inflation were Fish and other seafood at -5.6%, Meat and other parts of slaughtered land animals at 1.4%, and Vegetables, tubers, plantains, cooking bananas and pulses at -15.2%. 

Table 3. Year-on-year Inflation on Food Items in the Bottom 30% Income Households, South Cotabato, in Percent January 2023, December 2023, and January 2024 (2018=100)

Table 4. Year-on-Year Inflation Rates on All Items in the Bottom 30% Income Households, South Cotabato December 2019 – January 2024 (2018=100), in Percent 

Approved for Release:

MA. EILEEN A. BERDEPRADO
Chief Statistical Specialist 
OIC- Provincial Statistics Officer
Philippine Statistics Authority - South Cotabato

For inquiries, please contact:

HAZELLE KAYE G. ABARO
Statistical Analyst
Philippine Statistics Authority - South Cotabato 
Telephone Number (083) 877-1905