Special release on employment situation in SOCCSKSARGEN Region during July 2020 (Based on the final results of July 2020 round LFS).

SOCCSKSARGEN Region’s Inflation Rate for the Bottom 30% Income Household grew by 4.6% in December 2020 from 3.6% in November of the same year.

SOCCSKSARGEN Headline Inflation Rate Up By 4.9% in February 2021.

The number of constructions in the third quarter of 2020 registered a total of 297, translating it to a 17.4 percent annual increase. However, during the second quarter there was a tremendous drop of about -21.8 percent from the registered number in the same period in 2019. In the third quarter of 2019, the number of construction also registered an annual decline of - 26.7.percent annually. (Table A)

Inflation Rate for the Bottom 30% Income Households increased by 5.6% in January 2021 from 4.6% in December 2020. Transport recorded the highest inflation rate sustaining a double digit figure of 28.2% along with Alcoholic Beverages and Tobacco at 19.1%.

SOCCSKSARGEN Region’s exports dropped by 9.2 percent at US$110,953,461.00 in October 2020 from US$122,162,212.00 in October 2019.

The Consumer Price Index (CPI) For All Items in SOCCSKSARGEN in March 2021 was recorded at 133.6 index points. This indicates that the average retail price of commodities that were included in the market basket for all goods and services for the month under review was higher by 33.6% compared to its prices in its 2012 reference base year.

In February 2021, Inflation Rate for the Bottom 30% Income Households increased by 6.7% from 5.8% in January 2021. At 33.5%, Transport recorded the highest inflation rate sustaining a double digit figure from 32.5% in the previous month along with Alcoholic Beverages and Tobacco at 19.1%.