CAGAYAN DE ORO CITY (February 18, 2025) — Northern Mindanao’s inflation rate for January 2025 increased to 2.9 percent, rising by 0.3 percentage points from the previous month’s rate of 2.6 percent, according to the Philippine Statistics Authority (PSA)-10

PSA-10 Regional Director Janith Aves explained that rising prices in food, non-alcoholic beverages, transport, restaurants, and accommodation services primarily caused the region’s inflation increase.

Food and non-alcoholic beverages experienced an inflation rate of 2.4 percent in January 2025, increasing from 1.8 percent in December 2024. This change resulted mainly from higher costs of fish and seafood, vegetables, and meat.

Transport inflation rose to 5.4 percent from 5.0 percent in December 2024.

“The rise mainly resulted from gasoline and diesel prices, which shifted to -0.3 percent from -2.0 percent and -2.5 percent from -6.4 percent, respectively,” she said.

In restaurants and accommodation services, inflation reached 3.8 percent, increasing from 3.3 percent in the previous month. The rise occurred primarily due to higher prices in restaurants, cafes, and similar establishments, which showed an inflation rate of 3.8 percent, up from 3.2 percent. Hotels, motels, inns, and other accommodation services recorded an inflation rate of 5.1 percent, rising from 5.0 percent in December.

The region’s inflation rate in January 2025 matched the national inflation rate, which stood at 2.9 percent. However, the inflation rate differed across various areas in Northern Mindanao. Misamis Oriental recorded the highest inflation rate at 5.3 percent, while Lanao del Norte had the lowest at 0.6 percent.

Aves stated that these inflationary trends play a crucial role in understanding regional economic conditions and will continue to be closely monitored to support informed decisions and policies.

(APB/PIA-10)