Table 1. Year-on-Year Inflation Rate for All Income Households, All Items

(2018=100) in percent

Source: Philippine Statistics Authority, Retail Price Survey of Commodities for the Generation of Consumer Price Index
*Year-on-year change of CPI for January to August 2024 vs. 2023

Source: Philippine Statistics Authority, Retail Price Survey of Commodities for the Generation of Consumer Price Index

Negros Occidental’s Inflation Rate for all income household exhibits a slight decrease to 4.5 percent compared to previous month’s rate at 4.8 percent and against August 2023 with 7.9 percent (Please see Figure 1). Some commodities noted to have a negative annual growth rate like; Food and Non-Alcoholic Beverages, Transport, and Education Services. While, Alcoholic Beverages & Tobacco, Clothing & Footwear, Housing/Water/Electricity/Gas & Other Fuels, Health, and Recreation/Sports & Culture, and Restaurants and Accommodation Services manifest a positive growth rate in August 2024.

The indices of the rest of the commodities retained their previous months annual growth rates.

Source: Philippine Statistics Authority, Retail Price Survey of Commodities for the Generation of Consumer Price Index

In Bacolod City, Inflation Rate for All Income Households also exhibited a decrease to 5.6 percent from 6.2 percent in July 2024 and against August 2023 with 5.7 percent. (See Figure 2.).

The decline in inflation rate was attributed by a slight decrease in the indices of some commodities like; Food & Non- Alcoholic Beverages,Transport, and Education Services.

Relative to their annual rates in the previous month, higher inflation rates were observed in the indices of the following commodities: Clothing & Footwear, Housing/Water/Electricity/Gas and Other Fuels, Furnishings/Household Equipment & Routine Household Maintenance, Alcoholic Beverages & Tobacco, Health, Information & Communication, Recreation/Sports & Culture, Restaurants & Accommodation Services and Personal Care and Miscellaneous Goods & Services.

The indices of the rest of the commodities retained their previous months annual growth rates

Table 2. Year-on-Year Inflation Rates of the CPI for All Income Households in Negros Occidental and Bacolod City, January 2021 to August 2024.

Source: Philippine Statistics Authority, Retail Price Survey of Commodities for the Generation of Consumer Price Index