Mindanaotoday.com | Inflation rate in Camiguin accelerated further at 6.4%
Meanwhile, Lanao del Norte continued to register the lowest inflation rate in the region for the month of June 2022 at 3.1 percent, higher than its registered rate of 2.7 percent in May 2022.
The regional annual inflation rate also accelerated at a rate of 5.5 percent in June 2022, higher than the posted rate of 4.6 percent in May 2022 by 0.9 percentage points. Moreover, the national annual inflation rate in June 2022 also posted an increase of 0.7 percentage points from its registered 4.6 percent rate in May 2022.
Accelerated rates were also posted in the indices of alcoholic beverages and tobacco (7.7%), clothing and footwear (3.1%), furnishings, household equipment and routine maintenance of the house (3.3%), transport (17.1%), recreation, sports and culture (4.8%), restaurant and accommodation services (4.1%), and personal care and miscellaneous goods and services (3.7%).
Meanwhile, the same rates as the previous month were posted in the indices of housing, water, electricity, gas and other fuels at 2.7 percent and education services at 18.1 percent. Meanwhile, information and communication and financial services posted no increase in its June 2022 inflation rates.
The provincial food index posted an increase of 1.7 percentage points from the 5.8 percent rate registered in May 2022.
Supporting this increase were the faster rate of increments posted in the indices of flour, bread and other bakery products, pasta products and other cereals (1.9%), meat and other parts of slaughtered animals (8.1%), oils and fats (8.1%), fruits and nuts (23.1%), vegetables, tubers, cooking bananas and pulses (1.3%), sugar, confectionery and desserts (10.7%), and ready-made foods and other food products not elsewhere classified (5.2%).