Summary Inflation Report
Consumer Price Index
(2018=100)

NOVEMBER 2024, ANTIQUE

Date of Release: 12 December 2024
Reference Number: SR-2024-12ANT-013

Inflation rate in the province of Antique slowed down to 2.8 percent in November 2024, from 3.6 percent in October 2024. The recorded inflation rate in November 2024 was higher at 4.4 percent. The year-to-date inflation rate as of November 2024 was 4.9 percent.

The November 2024 provincial inflation rate was slightly higher compared to the national inflation rate, and lower as compared to the regional inflation rate. The inflation rate of the Philippines increased to 2.5 percent in November 2024, from 2.3 percent in October 2024. The national inflation rate in November 2023 was significantly higher at 4.1 percent. Further, the inflation rate of Western Visayas slowed down to 3.2 percent in November 2024, from 3.9 percent in October 2024. The recorded regional inflation rate in November 2023 was 4.0 percent.    

The decrease in the province’s inflation in November 2024 was mainly influenced by the slower annual increase in the indices of Food and non-alcoholic beverages at 3.6 percent in November 2024, from 4.8 percent in October 2024; Housing, water, electricity, gas and other fuels at 4.1 percent in November 2024, from 7.1 percent in October 2024; and, Health at 1.6 percent in November 2024, from 2.3 percent in October 2024.

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

a.    Alcoholic beverages and tobacco, 1.9 percent;
b.    Furnishings, household equipment and routine household maintenance, 1.6 percent;
c.    Recreation, sport and culture, 3.3 percent; and,
d.    Personal care, and miscellaneous goods and services, 2.9 percent.

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

a.    Clothing and footwear, 2.2 percent;
b.    Transport, -0.9 percent; and, 
c.    Restaurants and accommodation services, 1.2 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.    Education services, -3.3 percent; and,
c.    Financial services, -0.1 percent. 

The recorded food inflation rate of Antique slowed down to 3.8 percent in November 2024, from 5.1 percent in October 2024. The food commodity group with the highest share to the food inflation trend was Cereal and cereal products at 12.1 percent in November 2024, from 18.2 percent in October 2024.

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

a.    Meat and other part of slaughtered land animals, 2.4 percent;
b.    Oils and fats, 0.3 percent;
c.    Fruits and nuts, 6.6 percent;
d.    Sugar, confectionery and desserts, -3.1 percent; and,
e.    Ready-made food and other food products n.e.c, 2.5 percent.

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

a.    Fish and other seafood, -6.7 percent;
b.    Milk, other dairy products and eggs, 3.6 percent; and, 
c.    Vegetables, tubers, plantains, cooking bananas, and pulses, 5.9 percent. 
 

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