Table A. Year-on-Year Inflation Rates
for the Bottom 30% Income Households, All Items
In Percent
(2018=100)

A. The Philippines

The country’s inflation rate for the bottom 30% income households slowed down to 2.5 percent in December 2024 from 2.9 percent in November 2024. This brings the average inflation from January to December 2024 for this income group to 4.2 percent. In December 2023, the inflation rate was posted at 5.0 percent. (Table A) 

B. Central Visayas

1. Regional Inflation

Following the trend at the national level, inflation rate for the bottom 30% income households in Central Visayas slowed down to 2.5 percent in December 2024 from 3.1 percent in November 2024. The average inflation rate for the region from January to December 2024 was recorded at 4.1 percent.  In December 2023, inflation rate in the region was higher which posted at 4.4 percent. (Table A)

C. City of Mandaue

1. Headline Inflation

The headline inflation rate for the bottom 30% income households in the City of Mandaue had a slower increase at 1.0 percent in December 2024 from 1.3 percent in November 2024. This brings the city’s average inflation rate from January to December 2024 at 7.4 percent. In December 2023, the inflation rate was recorded at 10.0 percent. (Table A and Figure 1)

1.1    Main Drivers to the Downward Trend of Headline Inflation in the City of Mandaue

The deceleration of the headline inflation rate during the month was mainly brought by the slower year-on-year increase of food and non-alcoholic beverages at 1.3 percent from 2.0 percent in November 2024. (Table 3)

In addition, slower annual increments were also noted in the following commodity groups during the month:

a. Furnishings, household equipment and routine household maintenance,1.2 percent from 1.7 percent;
b. Health, 2.3 percent from 2.4 percent; and
c. Recreation, sport and culture, 0.2 percent from 0.3 percent. (Table 3)

In contrast, higher inflation rates were recorded in the following commodity groups in December 2024:

a. Clothing and footwear, 1.6 percent from 0.9 percent;
b. Housing, water, electricity, gas and other fuels, 1.5 percent from 1.3 percent; and
c. Transport, 0.2 percent from -0.8 percent.

Moreover, the indices of alcoholic beverages and tobacco and personal care, and miscellaneous goods and services retained their respective previous month’s inflation rates at 0.4 percent and 1.5 percent. (Table 3)

Meanwhile, no price movements in the following commodity groups during the month:

a. Information and communication;
b. Education services;
c. Restaurants and accommodation services; and
d. Financial services. (Table 3)

1.2    Main Contributors to the Headline Inflation

The following commodity groups were the top three contributors to the December 2024 overall inflation for the bottom 30% income households in the City of Mandaue:

a) Food and non-alcoholic beverages with 61.1 percent share or 0.6 percentage point;
b) Housing, water, electricity, gas and other fuels with 24.0 percent share or 0.2 percentage point; and
c) Health with 4.7 percent share or 0.1 percentage point.

2. Food Inflation

Food inflation rate for the bottom 30% income households in the City of Mandaue had a slower increase at 1.3 percent in December 2024 from 2.3 percent in November 2024. In December 2023, the food inflation stood at 7.3 percent. (Table 7)

2.1 Main Drivers to the Downtrend of Food Inflation

The downtrend in the food inflation in December 2024 was primarily driven by the faster year-on-year decrease of rice at 3.2 percent from 0.1 percent annual increase in November 2024. Also contributed in the deceleration of the city’s food inflation were the slower annual increases of milk, other dairy products and eggs at 0.9 percent and meat and other parts of slaughtered land animals at 2.4 percent from their previous month’s respective inflation rates at 3.5 percent and 3.2 percent. (Table 5)

In addition, slower year-on-year increments were also posted in the following food groups during the month:

a. Corn, 25.0 percent from 28.2 percent;
b. Vegetables, tubers, plantains, cooking bananas and pulses, 0.6 percent from 1.3 percent;
c. Ready-made food and other food products not elsewhere classified, 2.7 percent from 3.6 percent; and
d. Fruits and nuts, 6.4 percent from 6.6 percent. (Table 5)

In contrast, faster annual increase of 6.9 percent in fish and other seafood from 2.0 percent in November 2024 while slower annual decrease of 6.1 percent in sugar, confectionary and desserts in December 2024 from 6.9 percent annual drop in the previous month. (Table 5)

Moreover, flour, bread and other bakery products, pasta products, and other cereals retained its previous month’s inflation rate at 0.8 percent while no price movement in oils and fats index during the month. (Table 5)

2.2 Main Contributors to the Food Inflation

Food inflation contributed 57.9 percent share or 0.6 percentage points to the December 2024 overall inflation for this particular income group.

Among the food groups, the main contributors to the food inflation during the month were the following:

a. Fish and other seafood with 89.7 percent share or 1.2 percentage point;
b. Meat and other parts of slaughtered land animals with 31.3 percent share or 0.4 percentage point; and
c. Fruits and nuts with 15.2 percent share or 0.2 percentage point.

Table B. Year-on-Year Inflation Rates for the Bottom 30% Income Households in the City of Mandaue, All Items
In Percent
January 2019 – December 2024
(2018=100)

Approved by:

MELCHOR B. BAUTISTA
Chief Statistical Specialist

KST/MJG