SPECIAL RELEASE

DECEMBER 2024 INFLATION REPORT OF OCCIDENTAL MINDORO
FOR THE BOTTOM 30% INCOME HOUSEHOLD
(BASE YEAR: 2018)

Date of Release:  09 January 2025
Reference No.:     P51-SR2025- 02

Inflation rate for the bottom 30% income households in Occidental Mindoro decelerated to 6.3 percent in December 2024 from 7.1 percent in November 2024. This is higher than the inflation rate of 4.0 percent in December 2023. Meanwhile, the inflation in MIMAROPA decelerated to 2.8 percent in December 2024, from 3.4 percent in November 2024. In December 2023 , the inflation rate in the region was 5.3 percent.

Inflation Rate by Commodity Group for Bottom 30% Income Households
In December 2024, seven (7) commodity groups recorded lower inflation rates which included Food and Non- Alcoholic Beverages (9.3 %); Alcoholic Beverages and Tobacco (2.0 %); Clothing and Footwear    (1.0 %); Housing, Water, Electricity, Gas and other Fuels (-5.1 %); Furnishings, Household Equipment and Routine Maintenance (2.6 %); Health (5.7 %); and Personal care, and miscellaneous Goods and Services (3.5 %). Meanwhile, commodity groups that recorded higher inflation rates include Transport (-1.0 %); Recreation, Sport and Culture (7.1 %); and Restaurants and Accommodation Services (17.9 %). Information and Communication (2.3 %); Education Services (13.0%); and Financial Services (-0.1 %) remained unchanged in terms of inflation rate compared to November 2024.
 

Inflation Rate by Food Group for Bottom 30% Income Households

The inflation rate for the food index in the province decelerated to 10.0 percent in December 2024 from 11.1 in November 2024. In December 2023, the inflation rate for the food index in the province was recorded at 2.5 percent.

Four (5) commodities from the Food group had contribution to the downtrend of the food index in December 2024. This indicates lower inflation rates for the following food groups: Cereals and cereal products (11.7 %); Meat and other parts of slaughtered land animals (11.6 %); Oils and fats (-8.0 %); Vegetables, tubers, plantains, cooking bananas and pulses (13.5 %); and Ready-made food and other food products (11.0 %). Meanwhile, Fish and other seafood (-1.6 %); Milk, other dairy products and eggs (2.8%); and Fruits and Nuts (51.0 %) had accelerated annual growth rate. Sugar, confectionery and desserts (-6.1 %) remained unchanged in terms of inflation rate for the food index in December as compared to November 2024. 
 

(SGD) MARIBEL L. BERNARDO, PhD
Chief Statistical Specialist