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 increased to 5.0% in February 2024 from 4.1% the previous month. This is 1.6 percentage point higher than the 3.4% national headline inflation for the current month under review. 

Cotabato Province, with an inflation of 5.2% was the highest contributor to SOCCSKSARGEN Region’s 5.0% headline inflation in February 2024. It was followed by South Cotabato at 6.0%; Sultan Kudarat Province, 4.9%; General Santos City, 3.5%; Sarangani, 5.0%; and Cotabato City, 3.1%.