Sugar, Confectionery and Desserts, 32.3 percent.Meat and Other Parts of Slaughtered Land Animals,1.8 percent.Vegetables, Tubers, Cooking Bananas and Pulses, 18.7 percent.The downward trend in the food index could be primarily attributed to the lower increments in the annual growth rate of the following food indices (Refer to Table B): The annual growth rate in the regional food index also slowed down to 10.0 percent in March 2023 from 12.1 percent in February 2023. While financial services continued to record zero inflation for the month of March 2023. Information and Communication 0.7 percent and.Moreover, same annual increments were noted in the following indices: Personal care, and miscellaneous goods and services, 8.7 percent.Recreation, Sport and Culture, 9.0 percent and.Furnishings, Household Equipment and Routine Household Maintenance, 8.7 percent.Alcoholic Beverages and Tobacco, 17.4 percent.However, higher annual increments were recorded in the following indices:
The headline inflation for bottom 30 percent income households in the Philippines decreased from 9.7 percent in February 2023 to 8.8 percent inįigure 2 shows the annual inflation rates of the different regions in the Philippines in March 2023.Ĭontributors in the slowdown of March 2023 Inflation for Bottom 30% Income Households were the lower annual increments in the indices of transport at 9.5 percent from 12.8 percent in February 2023, followed by housing, water, electricity, gas and other fuels at 6.1 percent from 8.0 percent in the previous month, food and non-alcoholic beverages at 9.9 percent from 11.7 percent in February 2023, and Restaurants and Accommodation Services atħ.6 percent from 8.2 percent in February 2023. Meanwhile, Bicol Region posted the lowest inflation at 7.2 percent. (Refer to Figure 1)Ĭentral Luzon was sixth among regions in the country with the highest inflation rate for bottom 30 percent income households in March 2023.ĭavao Region recorded the highest inflation at 11.1 percent followed by Zamboanga Peninsula at 10.3 percent. Central Luzon’s Inflation Rate for Bottom 30 Percent Income Households Continuously Slowed Down to 9.0 PercentĪ continuous decrease of Central Luzon’s inflation rate for bottom 30 percent income households was recorded in March 2023 at 9.0 percent fromġ0.5 percent in February 2023, recording a 1.5 percentage points decrease in its year-on-year comparison.
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