Headline inflation in the province of Capiz continued to decline, reaching 2.8 percent in December 2024, a decrease from 3.2 percent in November 2024. This marks the lowest inflation rate recorded for 2024 and the lowest in the past twenty-four months since the base year was adjusted to 2018. In comparison, inflation in December 2023 was significantly higher at 4.0 percent. The average inflation rate for Capiz for the year remained steady at 3.6 percent, the same as the previous month. In the Western Visayas region, the average inflation rate is 3.7 percent, which is 0.5 percent higher than the national average inflation rate of 3.2 percent (see Figure 1, Table A, and Table D).

The decrease in inflation in Capiz can be attributed to a decline in the Housing, Water, Electricity, Gas, and Other Fuels category, which dropped from 2.8 percent in November 2024 to 1.3 percent in December. Additionally, the inflation rate for Alcoholic Beverages and Tobacco fell from 2.6 percent in November 2024 to 2.3 percent this month. However, the most heavily weighted commodity group, Food and Non-Alcoholic Beverages remained unchanged during this period. Furthermore, the Clothing and Footwear category slightly decreased, falling from 2.5 percent in November to 2.4 percent in December 2024. Other commodity groups experienced minimal changes or remained stable during this period. In contrast, the Transport category showed an increase, with its rate from -1.6 percent in the previous month to -0.1 percent in December. (see Table B and Table C).

The following non-food commodity groups maintained their previous marks during the period such as:
1. Recreation, Sport and Culture, 2.4 percent vs 2.4
2. Education Services, 4.1 vs 4.1
3. Restaurants and Accommodation Services, 1.5 vs 1.5
4. Personal care and Miscellaneous goods services 2.1 percent vs 2.1 percent

The most notable decline within the Food and Non-Alcoholic Commodity Group occurred in the category of Meat and Other Parts of Slaughtered Land Animals, which dropped from 1.5 percent to -1.6 percent in December 2024. Similarly, Fruits and Nuts experienced a decrease, falling from 2.5 percent to 1.8 percent during the same month. Additionally, Milk and Other Dairy Products saw a decline, decreasing from 2.4 percent in November 2024 to 2.1 percent in December 2024.

Conversely, several food commodities within the index group experienced price increases. Notably, the price of Rice rose from 22.4 percent in November 2024 to 23.2 percent in December 2024, while Oils and Fats saw an increase from 4.9 percent in November 2024 to 5.9 percent in December 2024. Vegetables, Tubers, Cooking Bananas, and Pulses also registered an increase, rising from -0.6 percent in November 2024 to 2.0 percent in December 2024 (see Table C).

Additionally, several food groups experienced rising inflation compared to the previous month:
1. Fish and Other Seafood: -2.5 percent vs. -2.3 percent
2. Flour, Bread and Other Bakery Products, Pasta Products, and Other Cereals: 2.3 percent vs. 2.1 percent

The annual rate for Non-alcoholic beverages experienced a slight increase from 0.7 percent in November 2024 to 0.8 percent in December 2024. In contrast, the rate for Alcoholic Beverages and Tobacco fell to 2.3 percent during this same period, down from 2.6 percent in the previous month (see Table C).