Summary Inflation Report
Consumer Price Index
(2018=100)

DECEMBER 2024, ANTIQUE
 

Inflation rate in the province of Antique further slowed down to 1.5 percent in December 2024, from 2.8 percent in November 2024. The recorded inflation rate of Antique in December 2023 was significantly higher at 4.5 percent. The year-to-date inflation rate as of December 2024 was 4.6 percent.

The December 2024 provincial inflation rate was lower as compared to the national and regional inflation rates. The inflation rate of the Philippines increased to 2.9 percent in December 2024, from 2.5 percent in November 2024. The national inflation rate in December 2023 was higher at 3.9 percent. Further, the inflation rate of Western Visayas increased to 3.4 percent on December 2024, from 3.2 percent in November 2024. The recorded regional inflation rate in December 2023 was 3.2 percent.

The decrease in the province’s inflation in December 2024 was mainly influenced by the slower annual increase in the indices of Food and non-alcoholic beverages at 1.2 percent in December 2024, from 3.6 percent in November 2024; Housing, water, electricity, gas and other fuels at 3.4 percent in December 2024, from 4.1 percent in November 2024; and, Furnishings, household equipment and routine household maintenance at 1.0 percent in December 2024, from 1.6 percent in November 2024. 

Further, slower annual increments were also observed for the index of Alcoholic beverages and tobacco at 1.8 percent.

Moreover, higher annual increments were observed for the following commodity groups:

a.    Clothing and footwear, 2.2 percent;
b.    Health, 1.7 percent;
c.    Transport, 0.3 percent; and, 
d.    Personal care, and miscellaneous goods and services, 3.0 percent.

The indices for the following commodity groups, however, showed no changes from its last month’s inflation rate:

a.    Information and communication, 0.2 percent;
b.    Recreation, sport and culture, 3.3 percent;
c.    Education services, -3.3 percent; 
d.    Restaurants and accommodation services, 1.2 percent; and,
e.    Financial services, -0.1 percent.

The recorded food inflation rate of Antique further slowed down to 1.3 percent in December 2024, from 3.8 percent in November 2024. The food commodity group with the highest share to the inflation trend was Cereal and cereal products at 1.4 percent in December 2024, from 12.1 percent in November 2024.

Further, slower annual increments were also observed for the following food commodity groups:

a.    Milk, other dairy products and eggs, 3.0 percent;
b.    Oils and fats, 0.0 percent;
c.    Fruits and nuts, 3.0 percent;
d.    Vegetables, tubers, plantains, cooking bananas and pulses, 1.3 percent; and,
e.    Ready-made food and other food products, n.e.c., 1.6 percent.

Moreover, higher annual increments were recorded for the following food commodity groups:

a.    Mear and other parts of slaughtered land animals, 3.9 percent;
b.    Fish and other seafood, -1.3 percent; and,
c.    Sugar, confectionery and desserts, -1.6 percent. 
 

RANDY M. TACOGDOY, DPA
Chief Statistical Specialist
Antique Provincial Statistical Office