Release Date :
Reference Number :
PR2024-10-0645-57
Table 1. Year-on-Year Inflation Rate for All Income Households, All Items
(2018=100) in percent
Area | September 2023 | August 2024 | September 2024 | Year-to-Date |
Philippines | 6.1 | 3.3 | 1.9 | 3.4 |
Western Visayas | 6.6 | 4.9 | 3.4 | 3.8 |
Negros Occidental | 7.6 | 4.6 | 3.2 | 3.6 |
Bacolod City | 6.4 | 5.7 | 3.9 | 4.4 |
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 September 2024 vs. 2023
Source: Philippine Statistics Authority, Retail Price Survey of Commodities for the Generation of Consumer Price Index
Negros Occidental’s September 2024 Inflation Rate for all income household declined to 3.2 percent compared to previous month’s rate at 4.6 percent and against September 2023 with 7.6 percent (Please see Figure 1). Almost all of the commodities noted to have a negative annual growth rate like; Food and Non-Alcoholic Beverages, Alcoholic Beverages & Tobacco, Housing/Water/Electricity/Gas & Other Fuels, Furnishing/Household Equipment and Routine Maintenance, Transport, Recreation/Sports and Culture, Education Services, Restaurants and Accommodation Services, and Personal Care and Miscellaneous Goods & Services. While Clothing and Footwear exhibits a slight increase.
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 3.9 percent from 5.7 percent in August 2024 and against September 2023 with 6.4 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, Alcoholic Beverages & Tobacco, Housing/Water/Electricity/Gas and Other Fuels, Furnishings/Household Equipment & Routine Household Maintenance, Health, Transport, Education Services, and Personal Care and Miscellaneous Goods & Services.
Relative to their annual rates in the previous month, higher inflation rates were observed in the indices of the following commodities: Clothing & Footwear, and Recreation/Sports & Culture.
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 September 2024.
Source: Philippine Statistics Authority, Retail Price Survey of Commodities for the Generation of Consumer Price Index
JOHN F. CAMPOMANES
Chief Statistical Specialist
PSA Negros Occidental