Special Release: Batangas Province's Summary Inflation Report for August 2022
Release-Date
Reference-Number
2022-074
Province of Batangas annual headline inflation is 7.7 percent for August 2022 from 7.8 percent in July 2022. The average inflation during the eight (8) month period January to August 2022 stood at 5.8 percent. Comparing with August 2022 same period last year inflation rate is 5.8 there is a 1.9 percentage point change accommodation services at 6.0 percent retained the previous month’s inflation rates. The financial services index retained its previous month’s annual rate at zero percent. In summary, the inflation for food in Batangas decreased in August 2022 to 7.6 from 9.0 in July 2022. The deceleration in August as compared from previous month in food inflation was mainly brought by fish and other seafoods which declined by 7.9 percent with 15.1 points. Other contributors in slowing down in the indices are corn at 7.5 percent, oils and fats at 53.0 percent, fruits and nuts at 3.2 percent, vegetables, tubers, plantains, cooking bananas and pulses at 3.9 percent and ready-made food and other food products, N.E.C at 5.5 percent. On the other hand, there an increase in rice at 5.6 percent with 19.0 points and meat and other parts of slaughtered land animals at 5.8 percent with 17.0 points which contributed to the slight decrease in the overall inflation rate. The following food groups exhibited faster growth during the month: a. Cereals, 5.6 percent b. Flour-Based and other bakery products, pasta products and other cereals, 6.8 percent c. Milk, Other Dairy Products and Eggs, 7.9 percent d. Sugar, Confectionery and Desserts, 32.2 percent
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