July 2022 Inflation Report of Palawan (Base Year: 2018)

Date: 

Wednesday, August 10, 2022

Reference Number: 

2022-14

Table A. Year-on-Year Inflation Rates: Philippines, MIMAROPA, and Palawan

All Items, In Percent

(2018=100)

Area

July 2021

June 2022

July 2022

Year-to-Date*

Philippines

 

 

 

 

      Headline

3.7

6.1

6.4

4.7

MIMAROPA

 

 

 

 

      Headline

4.5

5.9

7.1

4.5

Palawan

 

 

 

 

      Headline

0.7

8.4

10.1

6.8

Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index
             Philippine Statistics Authority
* Year-on-year change of average CPI for January to July, 2022 vs. 2021

 

 

Palawan

The headline inflation in Palawan increased further to 10.1 percent in July 2022, from 8.4 percent in June 2022. This is the highest recorded inflation since January 2019. Inflation in July 2021 was significantly lower at 0.7 percent. The average inflation for the first seven months of the year stood at 6.8 percent. (Table A)

The growth in the provincial inflation can be mainly attributed to the higher annual increments in the index for food and non-alcoholic beverages at 14.3 percent; clothing and footwear, at 6.1 percent; and personal care, and miscellaneous goods and services, at 6.6 percent. Furthermore, higher indices of the following commodity groups during the period also factored into the uptrend in the overall inflation rate of the province:

          a. Alcoholic beverages and tobacco, 5.3 percent;
          b. Recreation, sport, and culture, 6.9 percent;
          c. Furnishings, household equipment, and routine household maintenance, 6.0 percent;
          d. Information and communication, -0.2 percent; and
          e. Restaurant and accomodation services, 7.2 percent.

On the other hand, Housing, water, electricity, gas and other fuels and Transport registered a slowdown of 3.9 percent and 15.7 percent respectively. While the rest of the commodity groups showed no month-on-month change in inflation.

 

Table B. Year-on-Year Inflation Rates in Palawan, All Items

In Percent, July 2022

(2018=100)

Food index increased further by 15.0 percent in July 2022, from 11.1 percent in the previous month. In July 2021, food index was lower, at -3.2 percent. (Table C)

During this period, major contributors to the uptrend in the food index were higher increments for Fish and other seafood, 25.9 percent; Meat and other parts of slaughtered land animals, 19.2 percent and Sugar, confectionery, and desserts, at 38.1 percent. Additionally, higher growth rates were observed in the following food indices:

          a. Rice, 4.3 percent;
          b. Milk, other dairy products, and eggs, 4.9 percent;
          c. Flour, bread and other bakery products, pasta products and other cereals, 9.6 percent;
          d. Oils and fats, 15.5 percent; and
          e. Ready-made food and other food products n.e.c., 11.3 percent.

Meanwhile, the following food commodity groups which exhibited a slowdown in inflation are:

          a. Fruits and Nuts, 40.1 percent;
          b. Vegetables, tubers, plantains, cooking bananas and pulses, 23.8 percent; and
          c. Corn, at 2.5 percent.

 

 

 

Table C. Year-on-Year Inflation Rates in Palawan, By Food Group

In Percent

(2018=100)

 

 

Table D. Year-on-Year Inflation Rates in Palawan, All Items

In Percent

January 2019 - July 2022

(2018=100)

 

 

 

MARIA LALAINE M. RODRIGUEZ
Chief Statistical Specialist
Provincial Statistical Office - Palawan

 

 

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