Guimaras’  food  inflation hastens to 10.1% as prices of cereals and cereal products rise in Nov 2023

Food inflation of Guimaras in November moved faster to 10.1 percent, higher than the 9.0 percent in October and lower than the 11.7 percent food inflation in November 2022.

This is due to the higher market value of cereals and cereal products, based on the latest price statistics released by the Philippines Statistics Authority (PSA).

The uptrend in inflation of Cereals and cereal products at 13.1 percent (up from 7.6 percent in October) was due to the faster price change of rice at 15.4 percent.

Meat and other parts of slaughtered animals expanded to 18.0, on the back of Meat, fresh, chilled, or frozen, with 21.8 percent inflation.

The uptrend in inflation of Fish and other seafood was due to fish, live, fresh, chilled, or frozen, with 6.1 percent inflation.

In terms of contributions to November food inflation, Cereals and cereal products topped the list with 7.6 percent, followed by Meat and other parts of slaughtered animals with 18.0 percent inflation, and Fish and other seafood with 8.0 percent inflation.

The data showed that rice still contributed 42.0 percent to the Cereals and cereal products. Meat, fresh, chilled, or frozen, with 21.8 percent inflation, mainly contributed 21.5 percent to the inflation in Meat and other parts of slaughtered animals, while Fish, live, fresh, chilled, or frozen, with 6.1 percent inflation, accounted for 9.8 percent of the October inflation of Fish and other seafood.

The price statistics results also showed that among the nine (9) food items, five posted inflation uptrends from October to November 2023 – Cereals and cereal products; Meat and other parts of slaughtered animals; Fish and other seafood; Fruits and nuts; and Ready-made food and other food products Not Elsewhere Classified (n.e.c.). See Table 2

 

On the other hand, four food items posted downtrend inflation: Milk, other dairy products and eggs, from 11.3% to 8.3%; Oils and fats; Vegetables, tubers, plantains, cooking bananas and pulses; and Sugar, confectionery, and desserts. See Table 2