BOAC, Marinduque (PIA) — Marinduque’s inflation rate rose in January 2025, as reported by the Philippine Statistics Authority (PSA) in its inflation rate report released on February 12.
According to PSA Marinduque Chief Statistical Specialist Gemma N. Opis, the inflation rate increased by 0.5 percent, driven primarily by the prices of food and non-alcoholic beverages. The inflation rate for December 2024 had already risen to 2.1 percent compared to 0.9 percent in November 2024. In January 2025, the rate climbed further to 2.6 percent.
“Marinduque led the provinces with the highest recorded inflation in January 2025, followed by Palawan, which saw an inflation rate of 0.6 percent compared to 0.5 percent in December 2024. In contrast, Occidental Mindoro, Oriental Mindoro, Puerto Princesa (the capital of Palawan), and Romblon experienced a decrease in inflation in January 2025,” Opis explained.
The main factor behind the inflation increase in January 2025 was the rapid rise in the prices of food and non-alcoholic beverages, which had an inflation rate of 4.3 percent. This category includes vegetables, tubers, plantains, cooked bananas, as well as meat from slaughtered animals. This sector contributed 86.5 percent to the overall inflation in the province.
Next in line for contributing to the province’s inflation were transportation costs, which saw a -0.06 percent change in January 2025, contributing 8.1 percent. Housing, water, electricity, gasoline, and other types of petroleum products followed, contributing 3.3 percent to the inflation rate and 3.5 percent in share.
Meanwhile, the Purchasing Power of the Peso (PPP) for the bottom 30 percent income households in the province remained at P0.75 in January 2025, compared to P0.76 in January 2024. (DN/PIA MIMAROPA-Marinduque)
