The annual rate of change on the prices of goods and services in the market basket for the bottom 30% income households or the low-income group in Sarangani Province dropped to 0.3 percent in November 2024 from last month’s inflation at 1.5 percent. This was lower than the regional and national levels at 1.9 percent and 2.9 percent, respectively. Moreover, the rate was lower by 6.3 percentage points from a year ago of the same month at 6.6 percent. The average inflation or the year-to-date inflation of the province was recorded at 4.6 percent.

The Philippine Statistics Authority (PSA) Sarangani reaffirmed its commitment to advancing data-driven governance by successfully conducting the Municipal-Level Training, Coordination, and Field Visit on the Adoption of the Philippine Standard Industrial Classification (PSIC) on 06 December 2024.

The headline inflation rate or the year-on-year change in the prices of goods and services commonly purchased by people in the province of Sultan Kudarat slowed down to 0.9 percent in November 2024 compared to 3.2 percent recorded in October 2024. This brings the provincial average inflation from January to November 2024 at 4.1 percent. In November 2023, the inflation rate was higher at 7.0 percent.

The headline inflation or the annual rate of change in the prices of goods and services in the market basket in General Santos City retained its level at 1.2 percent in November 2024 from the previous month October 2024. It was lower than the national level at 2.5 percent and the regional level at 1.7 percent. The city level average inflation from January to November 2024 stood at 2.9 percent. In November 2023, the inflation rate was higher at 4.1 percent.

The headline inflation in Sarangani Province dropped to 0.5 percent in November 2024 from 1.2 percent in October 2024. This was lower than both the regional and national levels at 1.7 percent and 2.5 percent, respectively. In November 2023, the inflation rate was higher at 5.4 percent. The provincial average inflation rate for the last eleven (11) months of the year registered at 3.7 percent.

The Philippine Statistics Authority (PSA)-Sultan Kudarat Province officially released the results of the recently conducted compilation of the 2023 Provincial Product Accounts (PPA) of Sultan Kudarat Province through a dissemination forum on December 03, 2024 held at Carlito’s Hotel, Isulan, Sultan Kudarat. This activity was graced by about 70 participants coming from the various government offices and private institutions in the province. Moreover, the presence of the six members of the Sangguniang Panlalawigan of Sultan Kudarat made the event even more significant.

The economy of Sultan Kudarat Province grew by 5.2 percent in 2023, slightly slower than the 5.4 percent growth recorded in 2022. This growth translates to an increase in Gross Domestic Product (GDP) of the province from PhP 71.51 billion in 2022 to PhP 75.26 billion in 2023. (Figure 1)

Sarangani Province’s economy grew by 3.7 percent in 2023 from its 2022 level, equivalent to an increase of around PhP 1.76 billion to the region’s total Gross Domestic Product (GDP), from PhP 47.95 billion in 2022 to PhP 49.72 billion in 2023.

The economy of City of City of General Santos increased by 2.4 percent in 2023 lower than the 2022 growth of 9.0 percent. This represents an increase in the Gross Domestic Product (GDP) from PhP 129.03 billion in 2022 to PhP 132.17 billion in 2023. The GDP levels in 2023 exceeded the pre-pandemic levels by PhP 121.48 billion. (Figure 1)

Philippine Statistics Authority (PSA) Undersecretary Claire Dennis S. Mapa visited Region 12 on Friday, 18 October 2024 to oversee the ongoing data collection of the 2024 Functional Literacy, Education, and Mass Media Survey (FLEMMS) and data processing of 2024 Census of Population - Community-Based Monitoring System (POPCEN-CBMS). His visit highlighted the importance of accurate and timely data collection and processing of data in shaping the region’s future.