THE Philippine Statistics Authority (PSA) CALABARZON reported the October 2024 inflation in the region via hybrid press conference last 15 November 2024. Regional Director Charito C. Armonia announced that the prices of commodities in the region increased by 2.2 percent, which is higher than the 1.8 percent rise in prices observed in September.
Higher increase in prices for Food and Non-Alcoholic Beverages commodity group compared to the previous month’s rate contributed to the acceleration in the overall inflation rate (IR). Increase in price for Food and Non-Alcoholic Beverages was recorded at 2.3 percent.
Likewise, higher increase in prices of commodities were recorded in all provinces of the region and one highly urbanized city, that is City of Lucena, except for the province of Laguna. Quezon posted the highest inflation of 4.1 percent, from 3.3 percent inflation in September 2024. Cavite posted an IR of 0.5 percent, from 0.1 percent in September; Batangas at 2.2 percent, from 1.5 percent in September; Rizal at 3.3 percent, from 3.0 percent in September; and City of Lucena posted an IR of 4.0 percent, from 3.5 percent in September. On the contrary, Laguna posted an IR of 2.3 percent, from 2.4 percent in September.
The PSA will continue to closely monitor regional Inflation patterns throughout the year, providing monthly reports to the public. For more information and inquiries on the results, visit https://rsso04a.psa.gov.ph.