Summary Inflation Report Consumer Price Index (2018 - Base Year): June 2022

Reference Number: 

202207-0800-21

Release Date: 

Thursday, July 7, 2022
 
Eastern Visayas
 
The Inflation Rate (IR) in Eastern Visayas continued to increase to 6.8 percent in June 2022, from 6.3 percent in May 2022. The regional IR was higher than the 6.1 percent national IR in June 2022 and was the highest recorded IR since November 2018 (Table 2). The IR in June 2021 was lower at 4.5 percent. The average IR for the first semester of the year stood at 5.8 percent (Table 1 and Table 2).
 
 
The uptrend in the region’s IR in June 2022 was primarily brought about by the higher annual growths in the indices of food and non-alcoholic beverages at 6.7 percent; transport at 18.1 percent; and restaurants and accommodation services at 4.6 percent. Relative to their IRs in the previous month, the following commodity groups also contributed to the upward trend of the region’s IR during the month:
  1. Furnishings, household equipment, and routine household maintenance, 1.2 percent;
  2. Alcoholic beverages and tobacco, 6.2 percent;
  3. Personal care, and miscellaneous goods and service, 1.6 percent;
  4. Clothing and footwear, 1.3 percent;
  5. Recreation, sport, and culture, 0.8 percent;
  6. Health, 1.1 percent; and
  7. Information and communication, 0.7 percent;
On the contrary, IR for housing, water, electricity, gas, and other fuels commodity group was slightly lower at 8.4 percent, while the rest of the commodity groups had zero percent annual growths (Table 3).
 
The IR for food index increased to 7.1 percent during the month, from 6.4 percent in May 2022. IR for food in June 2021 was posted at 5.4 percent (Table 3).
 
Faster double-digit IR was observed in meat and other parts of slaughtered land animals at 21.6 percent in June 2022, from 17.6 percent in May 2022. The following food groups also exhibited higher IRs during the month:
  1. Rice, 1.6 percent;
  2. Corn, 4.7 percent;
  3. Flour, bread, and other bakery products, pasta products, and other cereals, 5.3 percent;
  4. Milk, other dairy products, and eggs, 3.0 percent;
  5. Oils and fats, 8.1 percent;
  6. Sugar, confectionery, and desserts, 7.4 percent; and
  7. Ready-made food and other food products not elsewhere classified, 1.7 percent
On the other hand, fruits and nuts continued to register double-digit IR but at a slower rate of 10.3 percent in June 2022, from 11.7 percent in May 2022. In addition, IRs slowed down in the indices of fish and other seafood at 7.1 percent; and vegetables, tubers, plantains, cooking bananas, and pulses at 7.2 percent (Table 3).
 
Inflation Rate by Region
 
 
All 16 regions registered higher IRs in June 2022 compared with their IRs in the previous month. Among the regions, Eastern Visayas’ IR at 6.8 percent ranked third highest in June 2022 and sits at par with Zamboanga Peninsula. CAR and Central Luzon registered the highest IR at 7.5 percent, followed by Davao Region at 7.2 percent. On the other hand, BARMM recorded the lowest IR at 3.1 percent in June 2022, followed by Bicol Region and Cagayan Valley at 5.0 percent and 5.3 percent, respectively (Figure 2 and Table 4).
 
Inflation Rate by Province
 
 
Relative to their IRs in May 2022, all provinces recorded higher IRs in June 2022, except for Southern Leyte. However, Southern Leyte still posted the highest IR at 8.2 percent during the month in review. Northern Samar’s IR came next at 7.5 percent, followed by Leyte at 7.0 percent; Samar at 6.3 percent; and Biliran at 6.2 percent. The lowest IR was registered in Eastern Samar at 5.9 percent (Figure 3 and Table 5).
 
Meanwhile, IR for Tacloban City, the lone Highly Urbanized City (HUC) in the region, was recorded at 5.8 percent in June 2022, higher than its 5.0 percent IR last month (Figure 3 and Table 5).