THE year-on-year regional inflation of the Davao Region slows down to 6.0 percent in September 2021, from 6.7 percent in August 2021. Moreover, the current inflation is extremely higher as compared to the same month of the previous year at 0.8 percent. On the other hand, the purchasing power of the peso (PPP) which measures the real value of the peso in a given period relative to a chosen reference period remained at 77 centavos (see Table 1).
Table 1. Year-on-Year Provincial Inflation Rates (All Items) and Peso Purchasing Power, Region XI: September 2021, August 2021, and September 2020 (2012=100)
| AREA | September
2021 |
August
2021 |
September
2020 |
PPP
September 2021 |
| REGION XI
Davao de Oro Davao del Norte Davao del Sur Davao Oriental |
6.0
6.8 5.2 5.7 9.1 |
6.7
8.2 5.2 6.4 10.2 |
0.8
0.6 2.1 0.3 1.7 |
0.77
0.76 0.77 0.78 0.73 |
Note: Davao Occidental and Davao City are not included in the 2012-based CPI.
Source: Philippine Statistics Authority
The downward trend of inflation in the region was mainly attributed to the slower annual increment in the index of Transport at 5.2 percent in September 2021, from 9.2 percent in August 2021 (see Table 2). Moreover, annual growth rates also slowed down in the following commodity groups:
- Food and Non-Alcoholic Beverages, at 9.0 percent from 9.6 percent; • Alcoholic Beverages and Tobacco, at 6.7 percent from 7.0 percent; and
- Housing, Water, Electricity, Gas, and Other Fuels, at 4.6 percent from 4.8 percent.
The index of Education stayed at 0.1 percent. On the other hand, higher inflation was recorded in the commodity groups of Health; Furnishing, Household Equipment, and Routine
Maintenance of the House; and Restaurant and Miscellaneous Goods and Services at 4.0 percent, 3.9 percent, and 2.9 percent respectively.
Table 2. CPI and Inflation Rate by Commodity Group, Region XI:
September and August 2021 (2012 = 100)
| COMMODITY GROUP | SEPTEMBER | Inflation Rate | AUGUST | Inflation Rate | ||
| 2020 | 2021 | 2020 | 2021 | |||
| All Items
Food and Non-Alcoholic Beverages Alcoholic Beverages and Tobacco Clothing and Footwear Housing, Water, Electricity, Gas, and Other Fuels Furnishing, Household Equipment and Routine Maintenance of the House Health Transport Communication Recreation and Culture Education Restaurant and Miscellaneous Goods and Services |
122.6
120.6 194.6 129.9 123.0 125.9 127.9 108.7 103.7 121.5 122.2 129.1 |
130.0
131.4 207.6 132.2 128.6 130.8 133.0 114.3 104.8 123.2 122.3 132.9 |
6.0
9.0 6.7 1.8 4.6 3.9 4.0 5.2 1.1 1.4 0.1 2.9 |
121.9
120.1 193.8 129.8 122.7 125.8 127.9 104.7 103.7 121.5 122.2 129.1 |
130.1
131.6 207.4 132.1 128.6 130.4 132.7 114.3 104.7 123.1 122.3 132.7 |
6.7
9.6 7.0 1.8 4.8 3.7 3.8 9.2 1.0 1.3 0.1 2.8 |
Source: Philippine Statistics Authority
For selected food items, commodity groups specifically Vegetables was reported with the highest annual growth rate at 31.4 percent in August 2021. Similarly, other commodity groups with higher annual increments were noted in the indices of Rice, Fruits, and Bread and Cereals In contrast, the index of Fish went down 13.1 percent from 23.1 percent, while the index of Sugar, Jam, Honey, Chocolate, and Confectionery stayed at 2.6 percent (see Table 3).
Table 3. CPI and Inflation Rate of Selected Food Items, Region XI:
September and August 2021 (2012 = 100)
| SELECTED ITEMS | SEPTEMBER | Inflation Rate | AUGUST | Inflation Rate | ||
| 2020 | 2021 | 2020 | 2021 | |||
| Bread and Cereals
Rice Corn Other Cereals, Flour, Cereal Preparation, Bread, Pasta and Other Bakery Products Meat Fish Milk, Cheese and Egg Oils and Fats Fruits Vegetables Sugar, Jam, Honey, Chocolate and Confectionery Food Products, N.E.C. |
111.0
108.1 106.7 123.9 125.4 125.1 128.1 125.2 149.7 111.7 121.1 143.4 |
114.6
110.2 124.3 126.5 152.0 141.5 133.3 130.9 138.5 146.8 124.2 147.6 |
3.2
2.0 16.5 2.1 21.2 13.1 4.1 4.6 -7.5 31.4 2.6 2.9 |
111.5
108.8 106.8 123.9 126.4 120.5 128.4 125.1 145.7 112.3 120.9 145.2 |
113.3
108.5 124.3 126.2 151.8 148.3 132.9 130.0 131.8 145.0 124.0 147.2 |
1.6
-0.3 16.4 1.9 20.1 23.1 3.5 3.9 -9.5 29.1 2.6 1.4 |
Source: Philippine Statistics Authority
Page 2 of 3
