The headline inflation or overall inflation in Quezon slowed down further to 3.3 percent in September 2024, from 5.1 percent in August 2024. This brings the average inflation rate of the province from January to September 2024 to 3.5 percent. In September 2023, inflation rate was higher at 3.7 percent.

The downtrend in the overall inflation in September 2024 was primarily brought about by the slower annual increment in housing, water, electricity, gas and other fuels at 4.5 percent during the month, from an annual increase of 9.2 percent in August 2024.

Lower annual increments were also noted in the indices of the following commodity groups during the month: 
a. Food and non-alcoholic beverages at 5.0 percent, from 6.7 percent; 
b. Alcoholic beverages and tobacco at 5.0 percent, from 5.6 percent; 
c. Clothing and footwear at 0.8 percent, from 0.9 percent; 
d. Transport at 0.7 percent, from 2.8 percent; and 
e. Restaurants and accommodation services at 0.9 percent, from 2.2 percent. 

Meanwhile, the following commodity groups retained it’s previous month’s annual rate: 
a. Furnishings, household equipment and routine household maintenance at 0.7 percent; 
b. Health at 0.1 percent; 
c. Information and communication at 0.4 percent; 
d. Recreation, sport and culture at 0.6 percent; 
e. Education services at 3.0 percent; 
f. Financial services at -0.1 percent; and 
g. Personal care, and miscellaneous goods and services at 2.3 percent

Food inflation in the province eased to 5.2 percent in September 2024, from 7.0 percent in August 2024. In September 2023, food inflation was higher at 5.9 percent.

The deceleration of food inflation was primarily brought about by the lower inflation rate of rice at 13.8 percent in September 2024, from 19.2 percent in the previous month.  

Moreover, lower inflation rates during the month were also noted in the following food groups:

a. Corn, at 32.0 percent, from 36.6 percent;  
b. Flour, bread and other bakery products, pasta products, and other cereals at 2.9 percent, from 3.1 percent; 
c. Meat and other parts of slaughtered land animals at 3.7 percent, from 6.3 percent; 
d. Vegetables, tubers, plantains, cooking bananas and pulses at -16.6 percent, from 1.1 percent; 
e. Sugar, confectionery and desserts at -2.9 percent, from -2.8 percent; and 
f. Ready-made food and other food products not elsewhere classified at 1.6 percent, from 1.9 percent

On the contrary, the following food groups registered faster year-on-year increases during the month:

a. Fish and other seafood at 6.2 percent, from 0.3 percent; 
b. Milk, other dairy products and eggs at 6.4 percent, from 0.8 percent; and 
c. Fruits and nuts at 31.4 percent, from 22.4 percent.

Meanwhile, the index of oils and fats retained its previous month’s annual decrease of -3.2 percent