The headline inflation in Laguna increase to 3.4 percent in December 2024. Moreover, this is higher than the recorded inflation rate in the same month of December 2023 at 2.4 percent. The average inflation rate for the year 2024 stood at 2.7 percent. (Table A and Figure 1)

The year-on-year headline inflation of Laguna increase to 3.4 percent in December 2024. It was primarily due to increase on Housing, Water, Electricity, Gas and Other Fuels at 2.5 percent from 0.4 percent; Transport at 2.9 percent from 2.0 percent; Health at 3.9 percent from 3.8 percent; Alcoholic Beverages and Tobacco at 3.2 percent from 2.4 percent; and Recreation, Sport and Culture at 2.4 percent from 2.3 percent.

Meanwhile, decrease in inflation was observed in Personal Care, and Miscellaneous Goods and Services at 3.6 percent from 3.7 percent. The rest of the commodity groups retained their previous month inflation rates. (Table B)

The increase in inflation for Food Indices was mainly brought by Vegetables, tubers, plantains, cooking bananas and pulses at 17.8 percent from 4.1 percent; Meat and other parts of slaughtered land animals at 4.7 percent from 4.1 percent; Milk, other dairy products and eggs at 2.8 percent from 2.7 percent; Oils and fats at 4.7percent from 4.3 percent; and Fish and other seafood (ND) at -1.6 percent from -2.4 percent. 

Meanwhile, decrease in inflation was observed in Cereals and Other Cereal Products at 3.0 percent from 7.3 percent; Rice at 3.2 percent from 10.1 percent; Corn at 10.1 percent from 10.4 percent; Flour, Bread and Other Bakery Products, Pasta Products, and Other Cereals at 2.6 percent from 2.8 percent; Fruits and Nuts at 10.0 percent from 12.9 percent; and Ready-made food and other food products N.E.C. at 3.7 percent from 4.4 percent.

(SGD)
MAGDALENA T. SERQUEÑA
Chief Statistical Specialist