Guimaras’ food inflation slows to 9% as vegetable costs fall in October 2023

Food inflation of Guimaras in October slowed to 9.0 percent, lower than 10.1 percent in September and 10.5 percent in October 2022 due to the lower market value of Vegetables, tubers, plantains, cooking bananas, and pulses products with 24.1 percent inflation.

This is based on the latest price statistics released by the Philippines Statistics Authority (PSA).

“Vegetables, tubers, plantains, cooking bananas, and pulses hugely shared 36.2% to slower food inflation trend, followed by Cereals and cereal products with 7.6 percent inflation, and Sugar, confectionery and desserts with -3.9 percent inflation, sharing 36.2 and 10.2 percent, respectively to the overall food inflation of Guimaras Province,” Provincial Statistics Officer Nelida B. Losare said.

The downtrend inflation in Vegetables, tubers, plantains, cooking bananas, and pulses at 24.1 percent from 40.6% in September was due to the slower price change of other vegetables, fresh or chilled, with -9.6 percent inflation.

Cereals and cereal products slowed to 7.6 percent, pulled down by rice with 8.0 percent inflation. The source of the downtrend inflation of Sugar, confectionery, and desserts was the commodity of Cane and beet sugar, with -6.4 percent.

“In terms of contributions to October Food inflation, Cereals and cereal products topped the rank with 33.3 percent splits followed by Vegetables, tubers, plantains, cooking bananas and pulses with 19.8 percent inflation and Meat and other parts of slaughtered land animals with 11.2 percent inflation posting a significant cut of 19.8 and 16.8 percent, respectively,” Losare said.

The data showed that rice still contributed 27.5 percent to the Cereals and cereal products.

Other leafy or stem vegetables, fresh or chilled, with 30.9 inflation, mainly contributed 23.2 percent to the inflation of Vegetables, tubers, plantains, cooking bananas, and pulses.

Meat, fresh, chilled, or frozen with 13.4 inflation accounted for 16.3 percent of the October inflation of Meat and other parts of slaughtered land animals.

The price statistics results also showed that among the nine (9) food items, four (4) of which posted an uptrend inflation from September to October 2023, Meat and other parts of slaughtered land animals; Fish and other seafood; Milk, other dairy products and eggs; and Fruits and nuts. (See Table 2)

Likewise, five food items posted downtrend inflation: Cereals and cereal products; Oils and fats; Vegetables, tubers, plantains, cooking bananas and pulses; Sugar, confectionery, and desserts; and Ready-made food and other food products n.e.c. (See table 2)