Starting February 2022, the Philippine Statistics Authority (PSA) released the rebased Consumer Price Index (CPI) for all income households to base year 2018, from base year 2012 as announced in the press release number 2022-01 dated 04 January 2022. The CPI series for all income households for January 2022 onwards will be 2018-based.

Table A. Year-on-Year Inflation Rates, All Items
In Percent

A. The Philippines

The Philippines’ headline inflation or overall inflation in January 2025 remained at 2.9 percent, the same annual growth rate recorded in December 2024. Inflation in January 2024 was posted at 2.8 percent. (Table A)

B. Central Visayas

1. Regional Inflation

Headline inflation in Central Visayas decreased to 2.5 percent in January 2025 from 2.9 percent in December 2024. Inflation in January 2024 was posted at 2.5 percent. (Table A)

C. City of Mandaue

1. Headline Inflation

Inflation rate City of Mandaue had a faster increase at 2.1 percent January 2025 from 1.2 percent in December 2024. In January 2024, the inflation rate in the city was higher at 5.9 percent. (Table A and Figure 1)

1.1 Main Drivers to the Upward Trend of the Headline Inflation

The uptrend in the city’s headline inflation in January 2025 was primarily influenced by the faster year-on-year increases of food and non-alcoholic beverages at 4.5 percent and housing, water, electricity, gas and other fuels at 0.5 percent from their previous month’s respective inflation rates at 2.0 percent and 0.3 percent. (Table 3)

In addition, no price movement was recorded in financial services index from 0.4 percent annual drop in December 2024. (Table 3)

In contrast, slower annual increments were posted in the following commodity groups during the month: 

a. Furnishings, household equipment and routine household maintenance, 8.0 percent from 8.1 percent;
b. Health, 1.5 percent from 1.9 percent;
c. Transport, no price movement from 0.1 percent annual increase; and
d. Personal care, and miscellaneous goods and services, 0.9 percent from 1.1 percent. (Table 3)

Moreover, the indices of the following commodity groups retained their previous month’s annual growth rates:

a. Alcoholic beverages and tobacco, 0.7 percent;
b. Clothing and footwear, 1.0 percent;
c. Information and communication, 0.1 percent;
d. Recreation, sport and culture, 0.2 percent; and
e. Education services, 3.2 percent. (Table 3)

Meanwhile, no price movement in restaurants and accommodation services commodity group. (Table 3)

1.2 Main Contributors to the Headline Inflation

The top three commodity groups contributing to the January 2025 headline inflation were the following:

a. Food and non-alcoholic beverages with 72.8 percent share or 1.5 percentage points; 
b. Furnishings, household equipment and routine household maintenance with 11.0 percent share or 0.2 percentage points; and
c. Housing, water, electricity, gas and other fuels with 6.3 percent share or 0.1 percentage point. 

2. Food Inflation

The headline food inflation at the city level had a faster increase of 4.8 percent from 2.0 percent in December 2024. In January 2024, food inflation stood at 1.9 percent. (Table 7)

2.1 Main Drivers to the Upward Trend of Food Inflation

The acceleration of food inflation in January 2025 was mainly brought by the faster year-on-year increases of fish and other seafood at 16.1 percent, meat and other parts of slaughtered land animals at 6.4 percent and vegetables, tubers, plantains, cooking bananas and pulses at 2.8 from their previous month’s respective inflation rates at 1.5 percent, 2.8 percent and 1.7 percent. (Table 5)
In addition, sugar, confectionery and desserts index recorded a slower annual decrease of 4.0 percent in January 2025 from 4.7 percent annual drop in December 2024. (Table 5)

In contrast, slower year-on-year increments were recorded in the following food groups during the month:

a. Rice, 0.3 percent from 1.2 percent;
b. Corn, 20.0 percent from 25.0 percent;
c. Flour, bread and other bakery products, pasta products, and other cereals, 0.6 percent from 0.7 percent;
d. Milk, other dairy products and eggs, 0.2 percent from 0.8 percent; and
e. Fruits and nuts, 0.9 percent from 3.1 percent. (Table 5)

Meanwhile, ready-made food and other food products not elsewhere classified index retained its previous month’s inflation rate at 2.1 percent and no price movement in oils and fats index in January 2025. (Table 5)

2.2 Main Contributors to the Food Inflation

The food inflation shared 70.5 percent or 1.5 percentage point to the overall inflation in January 2025. The top three food groups in terms of contribution to the food inflation during the month were the following:

a. Fish and other seafood, with 55.7 percent share or 2.7 percentage point;
b. Meat and other parts of slaughtered land animals, with 27.0 percent share or 1.3 percentage point; and
c. Cereals and cereals products, which includes rice, corn, flour, bread and other bakery products, pasta products, and other cereals, with 12.5 percent share or 0.6 percentage points.

Table B. Year-on-Year Inflation Rates in the City of Mandaue, All Items
In Percent
January 2020 – January 2025
(2018=100)

Approved by:

MELCHOR B. BAUTISTA
Chief Statistical Specialist

KST/MJG