Western Visayas' headline inflation decreased to 4.8 percent in July 2024, from
4.9 percent in June 2024. The regional average inflation rate from January to July 2024 is
3.7 percent. In July 2023, the inflation rate was higher at 5.8 percent.
In April 2024, the labor force participation rate
(LFPR) in Western Visayas was 62.4 percent
which accounted for 3.547 million of the 5.685
million persons who were 15 years old and
over (Table 1). This recorded a 0.5 percentage
point increase from 61.9 percent of the
reported LFPR in January 2024 and 3.3
percentage point decrease from 65.7 percent
recorded in April 2023
Western Visayas' headline inflation increased further to 4.9 percent in June 2024, from
4.3 percent in May 2024. The regional average inflation rate from January to June 2024 is
3.5 percent. In June 2023, the inflation rate was higher at 6.8 percent.
Western Visayas' headline inflation increased further to 4.3 percent in May 2024, from 4.1
percent in April 2024. The regional average inflation rate from January to May 2024 is 3.2
percent. In May 2023, the inflation rate was higher at 7.1 percent.
Hog production declined in 2023
Among the four livestock animal types in Western Visayas, only Hog production
recorded a decrease in 2023, estimated at 158,471 metric tons with a 22.7 percent
decline from 205,040 metric tons in 2022.
Two of the four livestock animal types in Western Visayas recorded decreases in
production during the first quarter of 2024 compared with the same quarter last year.
Hog production, estimated at 24,689 metric tons for the first quarter of 2024, declined
by 53.3 percent against the production of 52,880 metric tons in the first quarter of 2023.
Similarly, Goat production decreased by 19.6 percent, from 1,845 metric tons in 2023
to 1483 metric tons in 2024.
The total palay production of Western Visayas in the first quarter of 2024 was
estimated at 648,136 metric tons. It decreased by 2.8 percent or 18,885 metric tons
less compared with the same quarter of 2023. Meanwhile, the total area harvested in
the first quarter of 2024 is estimated at 206,268 hectares which was 1.9 percent higher
compared with the same quarter last year.
The total corn production of Western Visayas in the first quarter of 2024 was estimated
at 101,658 metric tons which was 7.5 percent lower than the first quarter of the
previous year’s corn production. Moreover, the region’s recorded total area harvested
was 29,166 hectares which was 10.1 percent lower than the area harvested in 2023
of the same quarter.
The total fisheries production of Western Visayas in the first quarter of 2024 was
estimated at 66,561 metric tons. The production decreased by 10.4 percent or about
7,762 metric tons less from the same quarter of 2023’s reported volume of production.
The decrease was attributed to all subsectors, namely: aquaculture, commercial,
marine municipal and inland fisheries sectors, with negative 4.4 percent, 6.8 percent,
18.5 percent and 63.4 percent, respectively.
Western Visayas headline inflation or overall inflation increased to 4.1 percent in April 2024, from 3.1 percent in March 2024. The regional average inflation rate from January to April 2024 is 3.0 percent. The inflation rate in April 2023 was higher at 8.2 percent.
