Table A. Year-on-Year Inflation Rates in CALABARZON
by Province and HUC, All Items
In Percent
(2018=100)

For December 2024, the inflation rate (IR) of CALABARZON accelerated at 3.3 percent, 0.6 percentage point more than the previous month’s inflation rate. This was a result of acceleration in the inflation rates of all areas in CALABARZON except Batangas which remained at 2.6 percent. Moreover, the year-on-year change in the average CPI of the region for 2024 was 3.0 percent (refer to Table A).

The headline inflation rates in CALABARZON exhibited a lower rate compared to the IR in December 2023 which was recorded at 3.4 percent. From December 2023 to January 2024 (2.0 percent), the trend showed a downward movement. Inflation then rose to 3.3 percent in February and 3.7 percent in March before slightly declining every month until it reached 3.3 percent in June 2024. It peaked at 4.0 percent in July, the highest inflation recorded for the year. It dropped to 1.8 percent by September, and slightly increases every month until reaching 3.3 percent by December 2024. 

Table B. Year-on-Year Changes of the Consumer Price Index in Percent
in Region IV-A (CALABARZON), by Commodity Group: November to December 2024
In Percent (2018=100)

The increase in the region’s inflation this month was mainly brought about by the faster rate of housing, water, electricity, gas and other fuels at 2.6 percent, from 1.2 percent in November. In addition, the following commodity groups experienced faster inflation rate in December 2024:
a. Food and Non-alcoholic Beverages at 4.5 percent;
b. Transport at 0.6 percent;
c. Personal Care and Miscellaneous Goods and Services at 2.7 percent; and
d. Recreation, Sport and Culture at 2.0 percent.

In contrast, the following groups experienced slower inflations rates in December 2024:
a. Alcoholic Beverages and Tobacco at 2.2 percent;
b. Clothing and footwear at 3.5 percent; and
c. Restaurants and Accommodation Services at 4.7 percent

The remaining commodities retained its previous month’s inflation rate as shown in Table B.

Table C. Year-on-Year Inflation Rates of Food Items in
Region IV-A (CALABARZON)
(2018=100)

A faster increase in prices was recorded for food items from 3.7 percent in November 2024 to 4.7 percent in December 2024 (Table C).

The primary contributor to the faster inflation rate of the food group is the vegetables, tubers, plantains, cooking bananas and pulses, with an inflation rate of 19.6 percent, from 
6.6 percent in November 2024. Meanwhile, the price increase of rice slowed down to 3.1 percent. Corn price increased by 11.7 percent during the month.

For non-alcoholic beverages, it retained its previous month inflation rate of 3.1 percent for December 2024. Overall, food and non-alcoholic beverages had a faster price increase compared to the same month of the previous year from 3.0 percent in 2023 to 4.5 percent in 2024.

(SGD.)
CHARITO C. ARMONIA
Regional Director

COB/JAS/JRM