CAPIZ HEADLINE FOOD INFLATION

The headline food inflation rate of Capiz increased to 5.0 percent in January 2025 from 4.9 percent in December 2024. This 0.1 percentage point increase indicates a slight acceleration in the rise of food prices month-over-month. Moreover, the January 2025 food inflation rate is 0.9 percentage points higher than the 4.1 percent recorded in January 2024. (Table 1 and Figure 1)

As shown in Table 1, Capiz’s food inflation is even higher than the regional and national levels in December 2024 and January 2025.
 

MAIN DRIVERS TO THE UPTREND OF THE HEADLINE FOOD INFLATION

The slight acceleration of food inflation in January 2025 was primarily influenced again by the monthly increase in Cereals and cereal products with a 18.3 percent inflation during the month, from 18.2 percent in the previous month accounting for 96.3 percent contribution to the January 2025 food inflation rate in Capiz.

Also sharing to the uptrend of food inflation were observed in Vegetables, tubers, plantains, cooking bananas and pulses at 3.5 percent in January 2025 from 0.2 percent in the previous month and with 4.4 percent contribution to January 2025 food inflation, and Ready-made food and other food products n.e.c. with 6.0 percent from 6.9 percent in the previous month with 3.8 percent contribution.

In contrast, the following commodity groups registered slow food inflation rates during the month: 

1.    . Fish and other seafood at -3.2 percent from -2.3 percent;

2.    . Oil and fats from 5.9 percent to 5.7 percent

   MAIN CONTRIBUTORS TO HEADLINE INFLATION

The top three commodity groups contributing to January 2025 overall food inflation was the following:

     a. Cereals and cereal products, with a 96.3 percent contribution with 4.82 percentage points;  
     b. Vegetables, tubers, plantains, cooking bananas and pulses with 4.5 percent contribution or                0.22 percentage points; and  
     c. Ready-made food and other food products n.e.c. with 3.8 percent contribution or 0.19                       percentage points.

FOOD INFLATION RATE FOR BOTTOM 30% INCOME HOUSEHOLDS

The food inflation rate for the bottom 30% income households in Capiz increased to 6.6 percent in January 2025 from 6.3 percent in December 2024. In January 2024, the food inflation was much lower at 4.1 percent.  
 

The highest food inflation rate for the bottom 30% income households was 9.3 percent recorded in June 2024. Meanwhile, the lowest was seen in January 2024 with a 4.1 percent food inflation rate.