Tarlac’s Inflation Increases to 3.7 Percent

Inflation in the Province of Tarlac increased to 3.7 percent in October 2024 from 2.4 percent in September 2024. With this month’s inflation, the province’s average inflation from January to October 2024 stood at 3.8 percent. In October 2023, inflation rate was posted at 2.8 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: (Table B)
    a. Food and non-alcoholic beverages at 4.4 percent, with a 4.1 percent increase from 0.3 percent in the previous month.
    b. Health at 0.8 percent, with a 0.8 percent increase from 0.0 percent in the previous month.
    c. Transport at -0.2 percent, with a 1.0 percent increase from -1.2 percent in the previous month.
    d. Information and Communication at 1.1 percent, with a 0.2 increase from 0.9 percent in
    he previous month
    On the other hand, the commodity group that decreased in their index are the following: (Table B)
    a. Clothing and footwear at 0.2 percent, with a 0.5 percent decrease from 0.7 percent in
    the previous month.
    b. Housing, water, electricity, gas and other fuels at 5.9 percent, with a 3.1 percent decrease from 9.0 percent in the previous month.
   c. Furnishings, household equipment and routine household maintenance at 3.4 percent, with a 0.3 percent decrease from 3.7 percent in the previous     month.
   d. Recreation, sport and culture at 3.0 percent, with a 0.4 percent decrease from 3.4 percent in the previous month.
   e. Personal care, and miscellaneous goods and services at 1.6 percent, with a 0.4 percent decrease from 2.0 percent in the previous month

Meanwhile, the following commodity group that retained their previous month’s inflation rates are: (Table B)
    a. Alcoholic beverages and tobacco at 3.7 percent
    b. Education services at -1.1 percent
    c. Restaurants and accommodation services at 5.8 percent and
    d. 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 3.2 percent, with a 0.4 percent decrease from 3.6 percent in the previous month;
    b. Meat and other parts of slaughtered land animals at 4.8 percent, with a 0.4 percent decrease from 5.2 percent in the previous month.
    c. Milk, other dairy products, and eggs at 2.6 percent, with a 0.4 percent decrease from 3.0 percent in the previous month;
    d. Fruits and nuts at 13.3 percent, with a 2.5 percent decrease from 15.8 percent in the previous month;
    e. Sugar, confectionery and desserts at -5.2 percent, with a 0.9 percent decrease from -4.3 percent in the             previous month;
    f. Ready-made food and other food products N.E.C. at 4.4 percent, with a 0.2 percent decrease from 4.6 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. Fish and other seafood at 1.4 percent, with a 3.2 percent increase from -1.8 percent at the previous month;
    b. Oils and Fats at 1.1 percent, with a 3.2 percent increase from -2.1 percent in the previous month
    c. Vegetables, tubers, plantains, cooking bananas and pulses at -4.2 percent, with a 16.2 percent increase from  -20.4 percent in the previous month

In Central Luzon, the province of Pampanga had the highest inflation rate for the month of October 2024 with 4.6 percent. This was followed by the province of Tarlac with 3.7 percent, province of Nueva Ecija with 2.8 percent, province of Aurora with 2.7 percent, Zambales with 1.3 percent, and province of Bulacan with 1.2 percent.

Meanwhile, the province of Bataan had the least inflation rate posted at 0.8 percent. (Figure 2)

Approved for Release:
HERMAN J. VITAL
Chief Statistical Specialist
PSA Tarlac

BJDU ACO