Table A. Year-on-Year Inflation Rates: Philippines, 
MIMAROPA, and Palawan 
All Items, In Percent 
(2018=100)

Palawan

The headline inflation in the province of Palawan for June 2024 decreased to 3.4 percent from 4.1 percent in the previous month. In June 2023, the headline inflation was higher, at 6.9 percent. (Table A and Figure 1)

The downtrend in the overall inflation in the province was primarily influenced by the heavily weighted index for Food and Non-alcoholic beverages at 3.3 percent from 4.8 percent in May 2024. This was followed closely by Transport, at -2.0 percent from -0.8 percent. Information and Communication also contributed to the declining trend at -1.2 percent inflation rate, from 0.2 percent last month. 

In addition, lower inflation rates were also observed in the following indices:

     a. Furnishings, Household Equipment and Routing Household Maintenance, 1.1 percent from 1.8 percent;
     b. Personal Care, and Miscellaneous Goods and Services, 1.5 percent, from 1.8 percent; 
     c. Clothing and Footwear, 1.6 percent, from 1.7 percent;
     d. Alcoholic Beverages and Tobacco, 2.8 percent from 3.0 percent; and
     e. Recreation Sport and Culture, 6.4 percent from 6.6 percent. 

On the other hand, higher growth rates were observed in the following commodity groups: Housing, Water, Electricity, Gas, and Other Fuels at 9.3 percent from 7.5 percent; and Health at 1.7 percent from 1.6 percent. 

Meanwhile, three commodity groups retained their previous month’s inflation rates, namely: Education Services at 7.0 percent; Restaurants and Accommodation Services at 0.5 percent; and Financial Services at -1.1 percent.

Table B. Year-on-Year Inflation Rates in Palawan, 
All Items, In Percent 
(2018=100)

Food index for June 2024 decreased to 3.5 percent inflation rate, from 4.9 percent in the previous month. In June 2023, the food index was higher, at 10.6 percent inflation rate, (Table C).

The deceleration of the food inflation for the month was brought about by the lower index for Cereals and cereal products, posted at 9.9 percent from 10.9 percent; followed by Meat and Other Parts of Slaughtered Land Animals, posted at 1.9 percent rate, from 2.6 percent; and Fish and other seafood, at -7.9 percent from -2.5 percent in the previous month.

Also contributing to the downtrend in the food index are the commodity groups: 

     a. Oils and Fats, at -5.4 percent inflation rate, from -3.0 percent;
     b. Fruits and Nuts, at 0.2 percent inflation rate, from 3.5 percent;
     c. Sugar, Confectionery, and Desserts, at -10.4 percent inflation rate, from -9.4 percent; and 
     d. Ready-made Food, and Other Food Products n.e.c., at 1.7 percent, from 2.1 percent. 

On the contrary, higher inflation rates were observed in the food groups, Milk, Other Dairy Products and Eggs, at 0.5 percent from -0.3 percent; and Vegetables, Tubers, Plantains, Cooking Bananas and Pulses, at 9.7 percent from 8.3 percent.

Meanwhile, Flour, Bread and other Bakery Products, Pasta Products and other Cereals retained its previous month’s inflation rate of 1.0 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 2021 – June 2024 
(2018=100) 

(SGD) MARIA LALAINE M. RODRIGUEZ
Chief Statistical Specialist