Tarlac’s Inflation Decreases to 4.0 Percent

Inflation in the Province of Tarlac slightly decreased to 4.0 percent in June 2024 from 
4.4 percent in May 2024. With this month’s inflation, the province’s average inflation from January to June 2024 stood at 3.6 percent. In June 2023, inflation rate was posted at 3.8 percent. (Figure 1 and Table A)

The increased in the province’s inflation was mainly brought about by the increased in the index of the following commodity groups:

a.    Food and non-alcoholic beverages at 5.8 percent, with a 0.3 percent increase from 5.5 percent in the previous month;
b.    Clothing and footwear at 2.0 percent, with a 0.1 percent increase from 1.9 percent in the previous month;
c.    Furnishings, household equipment and routine household maintenance at 4.7 percent, with a 0.4 percent  increase from 4.3 percent in the previous month.
d.    Information and Communication at 0.3 percent, with a 0.5 increase from -0.2 percent in the previous month;
e.    Recreation, sport and culture at 4.1 percent, with a 0.1 percent increase from 4.0 percent in the previous month; and
f.    Personal care, and miscellaneous goods and services at 2.9 percent, with a 0.3 percent increase from 2.6 percent in the previous month.

On the other hand, the commodity group that decreased in their index are the following:

a.    Alcoholic beverages and tobacco at 3.8 percent, with a 0.5 percent decrease from 
       4.3 percent in the previous month;
b.    Housing, water, electricity, gas and other fuels at 0.9 percent, with a 2.9 percent decrease from 3.8 percent in            the previous month;
c.    Health at 0.7 percent, with a 0.4 percent decrease from 1.1 percent in the previous month.
d.    Transport at 3.9 percent, with a 0.8 percent decrease from 4.7 percent in the previous month; and
e.    Restaurants and accommodation services, with 5.2 percent, with a 0.1 percent decrease from 5.3 percent in the previous month.

Meanwhile, the following commodity group that retained their previous month’s inflation rates are:

a.    Education services at 1.6 percent; and
b.    Financial services at 0.0 percent. 
 

The items for food commodity groups that showed a decreased during the month were: (Table C)
a.   Flour, bread and other bakery products, pasta products, and other cereals at 
      4.3 percent, with a 0.3 percent decrease from 4.6 percent in the previous month; 
b.   Fish and other seafood at -1.5 percent, with a 1.4 percent decrease from -0.1 percent in the previous month; 
c.    Fruits and nuts at 1.9 percent, with a 2.8 percent decrease from 4.7 percent in the previous month;
d.   Sugar, confectionery and desserts at -4.7 percent, with a 1.1 percent decrease from -3.6 percent in the previous month;

On the other hand, the following food groups exhibited an increased in annual growth during the month: (Table C)
a.    Meat and other parts of slaughtered land animals at 3.9 percent, with a 0.8 percent increase from 3.1 percent in the previous month.
b.    Milk, other dairy products, and eggs at 0.8 percent, with a 2.5 percent increase from -1.7 percent in the previous month;
c.    Oils and Fats at -9.5 percent, with a 1.8 percent increase from -11.3 percent in the previous month; 
d.    Vegetables, tubers, plantains, cooking bananas and pulses at 5.1 percent, with a 4.5 percent increase from 0.6 percent in the previous month;
e.    Ready-made food and other food products N.E.C. at 5.6 percent, with a 0.6 percent increase from 5.0 percent in the previous month.

In Central Luzon, the province of Nueva Ecija had the highest inflation rate for the month of June 2024 with 5.9 percent. This was followed by the province of Pampanga with 
4.9 percent, province of Bulacan with 4.8 percent, province of Tarlac with 4.0 percent, Bataan with 2.8 percent, and province of Zambales with 2.4 percent.

Meanwhile, the province of Aurora had the lowest inflation rate posted at 
2.0 percent. (Figure 2)

Approved for Release:

HERMAN J. VITAL

Chief Statistical Specialist
PSA Tarlac