Philippine Statistics Authority (PSA) Bohol chief statistician Jessamyne Anne Alcazaren giving an update on the provincial inflation rate in Bohol. (PIA Bohol)
CORTES, Bohol (PIA) — In the opening months of the last three years, Bohol’s headline inflation recorded a downward behaviour with 10.3 percent in 2023, 3.8 percent in 2024, and 2.7 percent in 2025.
The Philippine Statistics Authority (PSA) Bohol chief statistician Jessamyne Anne Alcazaren bared this during the monthly dissemination of the provincial inflation rate of January 2025 as compared to December of 2024.
“The notable downtrend in behaviour of prime and basic commodities as monitored by PSA, is credited to slower annual increments in the indices of heavy-weighted food and non-alcoholic beverages, which sunk to -2.1 percent from 1.6 percent in December,” Alcazaren said.
While the heavily weighted prices of commodities largely determines the inflation behaviour, also contributing to the favourable movement of prices are slower annual price increases of education services, furnishings, household equipment and routine household maintenance, as well as personal care and miscellaneous goods and services.
These could not dampen the faster increasing behaviour of the clothing and footwear, housing, water, electricity, gases and other fuels, and transport.
Alcazaren said the favourable inflation rate this January is also shaped by heavily weighted commodities: housing, transport and education services.
With this, food inflation in Bohol also eased down to -2.2 in January 2025 from 1.6 percent in December.
Driven by slower annual increases in prices of cereals and cereal products, rice, and corn, other commodities contributed by displaying similar behaviour.
She said fruits and nuts, milk and other dairy products and eggs as well as fish and seafoods, meat and other parts of slaughtered animals and sugar and confectioneries registered slower and lower growth rates, which helped tame the inflation rate.
PSA said the food inflation’s main contributors include prices of rice, fish and other seafoods, vegetables, tubers, plantains and cooking bananas. (RAHC/PIA Bohol)
