This report presents the Headline Inflation Rate (IR) for all income households in the province of Cavite during the month of October 2024.

Inflation Rate (IR) is the annual rate of change or the year-on-year change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of money.

The Headline Inflation in the Province of Cavite was reported at 0.5 percent for the 
month of October 2024, an increase of 0.4 percent from 0.1 percent last month (see Table 1 and Figure 1).

The acceleration in the province’s inflation rate for the month of October 2024 was primarily due to the increase in the annual growth rate in the index of the commodity group, Food and Non-alcoholic Beverages, 1.2 percent with a 99.1 percent contribution to overall October 2024 inflation. Also contributing to the uptrend in overall inflation was the increase in the index of Alcoholic Beverages and Tobacco, with 2.1 percent.

Meanwhile, the inflation of the following commodity groups decreased this month compared to the last month’s inflation:
• Clothing and Footwear, 4.3 percent
• Housing, Water, Electricity, Gas and Other Fuels, -3.2 percent
• Health, 0.3percent
• Transport, -1.4 percent
• Information and Communication, -0.4 percent
• Recreation, Sport and Culture, 0.9 percent
• Restaurants and Accommodation Services, 2.7 percent 
• Personal Care, and Miscellaneous Goods and Services, 1.7 percent

For commodity groups of Furnishing, Household Equipment and Routine Household Maintenance (3.0 percent), Educational Services (12.4 percent), Financial Services (-4.9 percent) were stable this month.

For Food, the inflation increased to 1.1 percent for the month of October 2024 compared to -1.5 percent last month (see Table 3).

The annual growth rate of the following food groups displayed an increase compared to last month’s inflation:
• Cereals and cereal products, 5.9 percent 
• Meat and other parts of slaughtered land animals, 2.9 percent
• Fish and other seafoods, -3.4 percent
• Oils and fats, -0.8 percent
• Fruits and nuts, 6.7 percent
• Vegetables, tubers, plantains, cooking bananas and pulses, -10.7 percent
• Sugar, confectionery and desserts, -2.2 percent

Meanwhile, there was a decrease in the inflation of the following food groups:
• Milk, other dairy products and eggs, 1.4 percent
• Ready-made food and other food products n.e.c., 4.9 percent

Lastly, Inflation for Rice accelerated to 9.9 percent from 3.4 percent last month while deflation for Corn was observed at -16.8 percent (from -16.0 percent) this October 2024.