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CALASIAO, Pangasinan — The inflation rate in Pangasinan declined to 2.6 percent in January 2025 from 2.8 percent in December 2024, according to a report from the local office of the Philippine Statistics Authority (PSA) here released on Thursday.
The province's average inflation for 2025 was recorded at 2.6 percent, higher than the 2.1 percent posted in January 2024.
The downward trend was mainly attributed to the slower year-on-year increase in the index of clothing and footwear, which posted 5.6 percent in January 2025, down from 6.5 percent in December 2024.
Other contributing factors to the declining inflation rate included lower indices in personal care and miscellaneous goods and services at 4.5 percent, recreation, sports, and culture at 2.7 percent, furnishings, household equipment, and routine household maintenance at 2.6 percent, education services at 1.7 percent, alcoholic beverages and tobacco at 1.5 percent, health at 1.4 percent, information and communication at -0.2 percent, and housing, water, electricity, gas, and other fuels at -2.1 percent.
On the other hand, some commodity groups registered faster inflation rates, including food and nonalcoholic beverages at 5.1 percent, restaurants and accommodation services at 2.1 percent, and transport at -0.2 percent.
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The inflation rate for financial services remained unchanged from the previous month.
Food inflation at the provincial level in January 2025 was recorded at 5.2 percent, up from 4.9 percent in December 2024.
In comparison, food inflation stood at 5.1 percent in January 2024.
The rise in food inflation was primarily driven by a higher year-on-year index in vegetables, tubers, plantains, cooking bananas, and pulses, which surged to 37.8 percent from 26.3 percent in December 2024.
Other food groups that registered an increase included meat and other parts of slaughtered land animals at 6.3 percent, fruits and nuts at 5.4 percent, fish and other seafood at 5.2 percent, milk, other dairy products, and eggs at 2.0 percent, while sugar, confectionery, and desserts posted a decline at -1.0 percent.
Conversely, certain food groups recorded a decrease in inflation rates. Corn dropped to 13.4 percent, ready-made food and other food products fell to 7.7 percent, flour, bread, and other bakery products, pasta products, and other cereals recorded 1.7 percent, oils and fats declined by -1.0 percent, while rice posted -2.4 percent.
