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

The headline inflation in the province of Palawan increased to 4.5 percent in July 2024, from 3.4 percent in the previous month. In July 2023, inflation rate is higher at 5.4 percent. (Table A and Figure 1)

The uptrend in the overall inflation in the province during the month was primarily influenced by the higher index for Food and Non-Alcoholic Beverages which posted an inflation rate of 5.1 percent from 3.3 last month. This was followed by Housing, Water, Electricity, Gas and Other Fuels at 9.8 percent from 9.3 percent and Restaurants and Accommodation Services at 2.1 percent from 0.5 percent in June 2024.

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

       a. Transport at -1.2 percent from -2.0 percent;  
       b. Information and Communication, -0.8 percent, from -1.2 percent; 
       c. Furnishings, Household Equipment and Routing Household Maintenance, 1.3 percent from 1.1 percent; 
       d. Alcoholic Beverage and Tobacco, 3.0 percent from 2.8 percent; and 
       e. Health, 1.8 percent from 1.7 percent.

On the other hand, lower inflation rates were observed in the indices of the 
following commodity groups: 

       a. Clothing and Footwear, 1.1 percent from 1.6 percent;  
       b. Recreation, Sport, Culture, 5.2 percent from 6.4 percent; and  
       c. Personal Care, and Miscellaneous Goods and Services, at 1.4 percent, from 1.5 percent. 

Meanwhile, two commodity groups retained their previous month’s inflation rates, namely: Education Services at 7.0 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 July 2024 increased to 5.4 percent inflation rate, from 3.5 percent in the previous month. In July 2023, the food index was higher, at 8.0 percent inflation rate. (Table C)

The acceleration of the food inflation for the month was brought about by the higher indices for Cereals and cereal products,  posted  at  11.5  percent  from 9.9 percent; Meat and Other Parts of Slaughtered Land Animals, 3.5 percent from 1.9 percent; Fish and other seafood, 1.3 percent from -7.5 percent; and Sugar, Confectionery, and Desserts, -10.1 percent from -10.4 percent.

On the contrary, lower inflation rates were observed in the following food groups:

     a. Milk, Other Dairy Products and Eggs, -0.4 percent from 0.5 percent; 
     b. Oils and Fats, -6.3 percent inflation rate from -5.4 percent;     
     c. Fruits and Nuts, -2.1 percent from 0.2 percent;  
     d. Vegetables, Tubers, Plantains, Cooking Bananas and Pulses, 8.0 percent from 9.7 percent; and 
     e. Ready-made Food, and Other Food Products n.e.c., 1.3 percent from 1.7 percent.

Table C. Year-on-Year Inflation Rates in Palawan,  
By Food Group In Percent 
(2018=100)

Meanwhile, only one commodity group retained its previous month’s inflation rate, Flour, Bread and other Bakery Products, Pasta Products and other Cereals, at 1.0 percent.

Table D. Year-on-Year Inflation Rates in Palawan,  
All Items, In Percent 
January 2021 – July 2024 
(2018=100)

(SGD) DONNA MARIE D. MOBE
(Supervising Statistical Specialist)
Officer-in-Charge