Special Release: Batangas Summary Inflation - May 2022

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Release Date: 

Wednesday, June 8, 2022

The headline inflation in Batangas increased further to 6.3 percent in May 2022 from 6.1 percent in April 2022. This is the highest inflation recorded since January 2019. Inflation in May 2021 was lower at 4.2 percent. The average inflation for the first five months of the year stood at 4.8 percent.

The increase in the province’s inflation was mainly brought about by the higher annual increase in the index for alcoholic beverages and tobacco, 9.6 percent, and transport, 15.0 percent. The following commodity groups also contributed to the upward trend of the headline inflation during the month:

A. Food and Non-Alcoholic Beverages, 6.9 percent
B. Clothing and Footwear, 3.5 percent
C. Furnishing, Household, Equipment and Routine Household Maintenance, 2.8 percent

On the contrary, inflation rates were housing, water, electricity, gas and other fuels, 7.3 percent, health, 7.0 percent, information and communication, 0.6 percent, restaurants and accommodation services, 3.5 percent and personal care, and miscellaneous goods and services, 2.0 percent.

The rest of the commodity groups retained their previous month’s inflation rates. (Table 4)