Figure 1. Inflation Rates, Nueva Vizcaya, All Items

The year-on-year headline inflation rate in Nueva Vizcaya decelerated to 0.9 percent in May 2025 from 1.2 percent in the previous month. Also it decreases by 2.8 percent from 3.7 percent inflation rate in May 2024.

The average inflation rate of Nueva Vizcaya for the calendar year 2025 (January–May) stood at 2.0 percent.

Table 1. Year-on-year Changes of the Consumer Price Index in Percent 

in Nueva Vizcaya by Commodity Group

May 2024, April 2025 and May 2025

The main drivers in the downward trend in inflation for all income households in May 2025 were as follows: (Table 1)

•     Food and non-alcoholic beverages,0.7 percent from 1,4 percent;

•     Transport, -4.6 percent from -4.2 percent; and

•     Personal Care, and Miscellaneous Goods and Services, 2.7 percent from 3.0 percent.

In contrary, three (3) commodity groups recorded an upward trend inflation rates in the year-on-year increase of index:

1.    Furnishings, Household Equipment and Routine Household Maintenance,       1.6 percent from 1.5 percent;

2.       Health, 2.8 percent from 2.6 percent;

3.       Recreation, Sport and Culture, 3.5 percent from 3.4 percent.

Meanwhile, seven (7) commodity groups either retained their inflation rates from the previous month or had a zero percent annual rates:

1.       Alcoholic Beverages and Tobacco, 1.6 percent from 1.6 percent; 

2.      Clothing and Footwear, 2.1 percent from 2.1 percent;

3.      Housing, Water, Electricity, Gas and Other Fuels, 0.9 percent from 0.9 percent;

4.      Information and Communication, 0.0 percent from 0.0 percent;

5.      Education Services, 0.0 percent from 0.0 percent;

6.      Restaurants and Accommodation Services, 4.2 percent from 4.2 percent; and

7.      Financial Services, 0.0 percent from 0.0 percent.

Table 2. Consumer Price Index for All Income Households in Nueva Vizcaya 

May 2024, April 2025 and May 2025

(2018=100)

In food index, the province's inflation rate in May 2025 (0.4 percent) was decreased by 0.9 percent from 1.3 percent in the previous month. And 6.9 percent from 7.3 percent in May 2024. (Table 2)

Main Drivers to the Downward Trend inflation rate on Food Index were the following:

1.      Flour, Bread, and Other Bakery Products, Pasta Products, and Other Cereals, 0.9 percent from 2.4 percent;

2.       Fish and Other Seafood, 2.0 percent from 3.4 percent;

3.      Sugar, confectionery and desserts, 1.3 percent from 3.4 percent; and

4.      Ready-made food and other food products, 5.8 percent from 8.2 percent.

In contrast, five (5) food groups had an upward trend in inflation rates:

1.      Meat and other parts of slaughtered land animals, 9.8 percent from 9.7 percent;

2.      Milk, other dairy products and eggs, 6.9 percent from 4.7 percent;

3.      Oils and Fats, 8.0 percent from 7.6 percent; and

4.      Fruits and Nuts, 23.2 percent from 18.7 percent;

Meanwhile, one (1) food group showed a negative inflation rate:

1.      Rice, -20.7 percent from -14.7 percent; and

2.     Corn, -3.5 percent from -6.1 percent.

On the other hand, Vegetables, tubers, plantains, cooking bananas, and pulses recorded a positive inflation rate (3.2 percent) from a negative inflation rate (-1.4 percent) of the previous month.

Table 3. Year-on-year Rates in Nueva Vizcaya

All Items in Percent

January 2020 – May 2025

 (2018=100)

Relative to the trend of the inflation rate during the month of May for the year 2020 to 2025, the province's peak inflation rate occurred in 2021 at 7.7 percent, followed in 2023 at 6.5 percent, while the lowest inflation rate was recorded in this year 2025 at 0.9 percent. (Table 3)

DEFINITIONS AND CONCEPTS

Price -

Retail Consumer Price -

Market Basket -

Consumer Price lndex (CPl) -

lnflation Rate -

Weight -

Base Period -

lndex Methodology -

Purchasing Power of the Peso (PPP) -

Percentage Change -

Headline lnflation -

CHOLLY L. BAYON

Chief Statistical Specialist