1. Philippines
The country’s inflation rate has increased from 8.0 percent in November 2022 to 8.1 percent in December 2022. In December of the previous year, inflation was lower at 3.1 percent. (Table 1)

2. Central Visayas Region
The inflation rate in Central Visayas has increased to 8.5 percent in December 2022 from 8.3 percent in November 2022. In November 2021, inflation in the region was at 2.2 percent. (Table 1)

3. Negros Oriental

The province’s inflation rate has increased from 7.7 percent on November 2022 to 7.9 percent in December 2022. In December of the previous year, inflation was lower at 5.2 percent. (Figure 1). This month’s inflation rate was recorded to be the highest since December 2021.

The province’s inflation rate was lower than the region’s inflation rate.

The inflation rates of the following commodity groups were high during the month of December compared to the previous month: (Figure 2)

    a. Furnishings, Household Equipment, and Routine Household Maintenance, 8.1 percent from 7.9     percent;

    b. Restaurants and Accommodation Services, 6.2 percent from 4.6 percent;

    c. Alcoholic Beverages and Tobacco, 5.9 percent from 5.2 percent;

    d. Housing, Water, Electricity, Gas and Other Fuels, 5.7 percent from 5.3 percent;

    e. Health, 5.5 percent from 4.7 percent;

    f. Clothing and Footwear, 4.6 percent from 4.4 percent;

    g. Personal Care, and Miscellaneous Goods and Services, 2.5 percent from 2.4 percent; and

    h. Information and communication, 1.3 percent from 1.2 percent.

Meanwhile, the following commodity groups showed slightly decreased inflate rates during the month of December compared to the previous month;

    a.  Food and Non-Alcoholic Beverages, 11.9 percent from 12.0 percent; and

    b. Transport, 7.0 percent from 8.0 percent.

On the other hand, three commodity groups have retained their previous month’s inflation rates and these were: Recreation, Sport and Culture at 4.4 percent; Education Services at 2.2 percent; and Financial Services at 0.0 percent.

APPROVED BY:

(SGD.) ARIEL T. FORTUITO
Chief Statistical Specialist