DAVAO  DEL NORTE (PIA) -- The province of Davao del Norte is noted to have pegged the lowest inflation rate in the entire Davao Region in December 2023 at 2.9 percent.

Data from Philippine Statistics Authority (PSA) Davao Region revealed that during the period, Davao City posted the highest inflation rate at 6.5 percent, followed by Davao Oriental at 6.0 percent ; Davao Occidental, 5.1 percent; Davao de Oro, 4.7 percent; and Davao del Sur, 4.2 percent.

According to PSA Davao del Norte, the Inflation rate of  the province started at its peak at 6.9 percent in January 2023 , and settled 2.9 percent at  the end of the year, posting  an  annual average of 3.7 percent.

The 2.9 December 2023 inflation rate of the province was way below  the Davao Region rate of 5.3 percent in the same month, and was still lower than the national inflation rate  calculated at 3.9 percent.

PSA revealed that these commodities were furnishings, household equipment and routine household maintenance; education services; restaurants and accommodation services; and financial services.

It also noted a stable price indices on the food  group (rice, fish and other seafood; fruits and nuts) at 7.4 percent in November and in December last year.  (JMDA/ Davao del Norte/ With reports from PSA Davao del Norte and PSA Davao Region)