2020 INFLATION REPORT OF MIMAROPA
(BASE YEAR: 2012)
Release Date: February 8, 2021
Reference No.: 2021-SR-02
Table 1. Year-on-Year Inflation Rates (%) in the Philippines and MIMAROPA, by Province, All Items: 2020 and 2019
28 January 2021 – CALAPAN CITY. Pursuant to the Section 3 Rule 3.5 of the Implementing Rules and Regulations of Republic Act 11203, known as the Rice Tariffication Law, the monthly conduct of the Commercial Stocks Survey has been transferred to the Philippine Statistics Authority (PSA) from the National Food Authority (NFA).
The headline inflation rate at the regional level continued to rise by 0.6 percentage point, recorded at 4.4 percent in December 2020. This was the highest inflation rate registered since September 2019. During the previous month, the year-on-year change was lower at 3.8 percent. In the same period of the previous year, it was posted at 2.6 percent. The uptrend of inflation in December 2020 was driven by the combined acceleration of selected commodity groups, mainly the heavily-weighted food and non-alcoholic beverages.
Total volume of corn production in the MIMAROPA Region was estimated at
37,200.56 metric tons in April to June 2020. The region accounted 2.75 percent in the overall corn production of the country.